Acquisition of Business

6 Months Ended

Mar. 26, 2016

Business Combinations [Abstract]

Acquisition of Business

3. Acquisition of Business

On December 15, 2015, the Operating Partnership acquired the assets of Propane USA Distribution, LLC (“Propane USA”), a propane marketer headquartered in Margate, Florida, and its affiliate companies, for $45,000 plus working capital acquired, of which $42,195 was paid as of March 26, 2016.  The remainder of the purchase price will be funded in accordance with the terms of certain non-compete agreements.  The acquisition of Propane USA was consummated pursuant to the Partnership’s strategic growth initiatives and was funded entirely from cash on hand.  The purchase price allocation and results of operations of Propane USA were not material to the Partnership’s consolidated financial position and statement of operations.