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Gas distribution company sells partnership interests

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Mountain Grove-based Southern Missouri Gas Co. LP is retaining its assets but transferring all general and limited partnership interests to a Houston company.

Sendero Capital Partners Inc. acquired the gas distribution company’s interests after a bidding process for an undisclosed amount. Sendero shares the interests with consortium members Denver-based CHx Capital LLC and investor Michael J. Lewis.

Sendero will focus on capturing growth potential in SMGC’s market and explore expansion opportunities, Sendero President Randy Maffett said in a news release.

All employees at SMGC will remain onboard, said Bill Walker, business development manager of SMGC. The company serves about 7,500 customers in south and central Missouri.

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