Propane is used on 865,000 U.S. farms for irrigation pumps, grain dryers, standby generators, and other farm equipment. It is an essential fuel for crop drying, flame cultivation, fruit ripening, space and water heating, and food refrigeration.click here for more
Inergy, L.P. was launched in 1996 when a group of propane industry veterans recognized that the fragmentation of the industry represented a strategic, long-term business opportunity: Providing a succession plan for the most respected of the industry’s 5,000-plus independent business owners who were at or nearing retirement age. The consolidated company would become an industry leader with high levels of customer and employee satisfaction and “best in class” financial performance.
Fifteen years later, Inergy has acquired more than 85 retail propane operations and has become the fourth largest propane company in the U.S. Some of those companies have long and respected histories in the propane industry, and many of their owners have served as leaders in the industry at both the state and national levels.
Just a few of those companies and their leaders are:
Inergy went public as a master limited partnership (MLP) in July 2001. It’s no wonder that – with the high caliber of propane retailers that make up the Inergy family of companies – over the years Inergy became one of the fastest growing propane marketers in the nation. The company trades under the ticker NRGY.
Inergy’s management team has taken a leadership role in the propane industry over the years, as well. Some executives serve on various state and regional committees and others serve at the national level. Carl Hughes, senior vice president for business development, serves as the NPGA Chairman for the 2011–2012 term as the Propane Centennial Celebration kicks off.