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Goodwill and Other Intangible Assets
12 Months Ended
Sep. 27, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangible Assets

7. Goodwill and Other Intangible Assets

The Partnership’s fiscal 2025 and fiscal 2024 annual goodwill impairment review resulted in no adjustments to the carrying amount of goodwill. The carrying values of goodwill assigned to the Partnership’s operating segments are as follows:

 

 

 

Propane

 

 

Fuel oil and
refined fuels

 

 

Natural gas
and electricity

 

 

All other

 

 

Total

 

Balance as of September 28, 2024

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Goodwill

 

$

1,107,655

 

 

$

10,900

 

 

$

7,900

 

 

$

31,259

 

 

$

1,157,714

 

Accumulated adjustments

 

 

 

 

 

(6,462

)

 

 

 

 

 

 

 

 

(6,462

)

 

 

$

1,107,655

 

 

$

4,438

 

 

$

7,900

 

 

$

31,259

 

 

$

1,151,252

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fiscal 2025 Activity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Goodwill acquired (1)

 

$

6,575

 

 

$

 

 

$

 

 

$

 

 

$

6,575

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance as of September 27, 2025

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Goodwill

 

$

1,114,230

 

 

$

10,900

 

 

$

7,900

 

 

$

31,259

 

 

$

1,164,289

 

Accumulated adjustments

 

 

 

 

 

(6,462

)

 

 

 

 

 

 

 

 

(6,462

)

 

 

$

1,114,230

 

 

$

4,438

 

 

$

7,900

 

 

$

31,259

 

 

$

1,157,827

 

 

Other intangible assets consist of the following:

 

 

 

As of

 

 

 

September 27,

 

 

September 28,

 

 

 

2025

 

 

2024

 

Customer relationships (1)

 

$

596,429

 

 

$

577,486

 

Non-compete agreements (1)

 

 

45,955

 

 

 

41,955

 

Other

 

 

5,100

 

 

 

7,067

 

 

 

 

647,484

 

 

 

626,508

 

Less: accumulated amortization

 

 

 

 

 

 

Customer relationships

 

 

(523,636

)

 

 

(513,053

)

Non-compete agreements

 

 

(37,430

)

 

 

(36,000

)

Other

 

 

(1,641

)

 

 

(2,943

)

 

 

 

(562,707

)

 

 

(551,996

)

 

 

$

84,777

 

 

$

74,512

 

 

(1)
Reflects the impact from acquisitions (See Note 4).

 

Aggregate amortization expense related to other intangible assets for fiscal 2025, 2024 and 2023 was $12,678, $12,294 and $10,906, respectively. Aggregate amortization expense for each of the five succeeding fiscal years related to other intangible assets held as of September 27, 2025 is estimated as follows: 2026: $12,070; 2027: $12,056; 2028: $11,570; 2029: $10,498; and 2030: $8,516.