I'm on the board of our local coop. We were trying to buy the business of a private owned LP business. Ferrellgas got it bought in 2005.
At that time the business owned 3300 tanks in the area. We owned 1800.
They had 4 5000 gal delivery trucks. We had 1 5000 and 1 3000. That was 4 years ago.
We now have 3 5000 gal trucks they have 2.
Ferrell would never sell the tanks to us so we could inspect them and leave them in place. But they would sell to the customer and we bought them from the customer. We have bought about 500 tanks this way.
We own 3100 tanks they have 1800.
Guess you could say we bought the private company 1 tank at a time.
Best thing that ever happened to us is when Ferrell bought the other company.
It saved us millions by not buying the company but we still got the customers.
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