SEC Filing Summary: STAR GAS PARTNERS, L.P.
Business Context and Reporting Period
This Form 8-K was filed on August 4, 2015, by Star Gas Partners, L.P. The report discloses a material acquisition event occurring on the same date.
Key Financial Metrics
The filing details a specific transaction rather than periodic financial performance. The acquisition cost was approximately $19.9 million, net of $2.1 million in working capital credits. The target business serves approximately 19,000 accounts. The filing text does not provide clear values for revenue, profit, cash flow, margins, debt, or liquidity for the reporting period.
Material Changes
The primary material change is the acquisition of a New York heating oil and motor fuel dealer. This expands the company's footprint and customer base in the New York region.
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, or specific risk factors related to the transaction. No unusual items or contingencies were disclosed beyond the acquisition details.
Investor Verification Checklist
- Verify the integration timeline and expected synergies of the acquired New York dealer.
- Confirm the final purchase price adjustments post-closing.
- Assess the impact of the $19.9 million outlay on the company's current liquidity position.
- Review the credit quality and retention rate of the 19,000 acquired accounts.