Inergy, L.P. (NYSE: NRGY) is an American supplier of propane based in Kansas City, Missouri that claims to be the fourth-largest propane retailer in the United States.
It was founded in 1998 by its current president and CEO John J. Sherman after he sold his start up propane marketing company LPG Services Group to Dynegy.
[3] As of November 2010, the company had acquired 89 businesses – mostly regional and local propane distributors.
[1] In August 2010 it acquired its parent Inergy Holdings which had also traded on the New York Stock Exchange under the ticker symbol NRGP in a deal valued at $2 billion with the resulting company being reported to be worth $6 billion.
Prior to the acquisition both companies shared the same offices in Kansas City.