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STAR ENERGY ACQUIRES SIOUXLAND PROPANE'S ASSETS
Source: GROWMARK news release sent via AgPR--the news distribution service for agriculture.

STAR Energy, Manson, Iowa, today announced an agreement to acquire the retail propane and HVAC assets of Siouxland Propane, effective December 1, 2012. Terms of the transaction were not disclosed.

"This acquisition provides the opportunity to expand one of our core business segments, and is consistent with our strategic direction," said Dave Brecher, STAR general manager.

Brecher said the acquisition expands the STAR Energy footprint into northwest Iowa and southeast South Dakota. "Although we have not serviced this geography previously, this acquisition complements our current propane business. We have a history of being a local supplier in each of our geographies; this will continue in this geography, as well," he said. "Customers will continue to receive professional, quality service as well as a dependable supply of propane."

The acquisition expands STAR's propane storage capacity and rolling stock, and provides for the acquisition of Siouxland's heating, ventilation, and air conditioning (HVAC) business. "These activities are supportive and complementary to the propane business and we look forward to continuing to service the HVAC needs of our new customers," Brecher said.

STAR Energy is a full-service provider of refined and renewable fuels, lubricants and propane. STAR Energy is committed to providing their customers with a wide variety of refined and renewable fuel options to meet and exceed residential, commercial, and industrial demands. More information is available at www.starnrgy.com

STAR Energy is part of the GROWMARK System, a regional cooperative doing business in 45 states and Ontario, Canada, serving more than 250,000 customers across North America. More information is available at www.growmark.com


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