M&A Deal Summary

AmeriGas Propane Acquires Penn Fuel Propane - distribution assets

On October 1, 2008, AmeriGas Propane acquired utilities company Penn Fuel Propane - distribution assets from Penn Fuel Propane for 32M USD

Acquisition Highlights
  • This is AmeriGas Propane’s 1st transaction in the Utilities sector.
  • This is AmeriGas Propane’s largest (disclosed) transaction.
  • This is AmeriGas Propane’s 1st transaction in the United States.

M&A Deal Summary
Date 2008-10-01
Target Penn Fuel Propane - distribution assets
Sector Utilities
Buyer(s) AmeriGas Propane
Sellers(s) Penn Fuel Propane
Deal Type Divestiture
Deal Value 32M USD

Target

Penn Fuel Propane - distribution assets

United States
Penn Fuel Propane - distribution assets enrages in the distribution of Propane fuel in 35 counties in eastern and central Pennsylvania. Penn Fuel delivered approximately 15 million gallons of propane annually to 33,000 customers primarily in eastern Pennsylvania and Maryland.

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Buyer(S) 1

Buyer

AmeriGas Propane

King of Prussia,, Pennsylvania, United States
Category Company
Founded 1994
Sector Utilities
DESCRIPTION

AmeriGas Propane, L.P. markets propane, propane equipment, and related services.

DEAL STATS #
Overall 1 of 1
Sector (Utilities) 1 of 1
Type (Divestiture) 1 of 1
Country (United States) 1 of 1
Year (2008) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Penn Fuel Propane

Allentown, Pennsylvania, United States
Category Company
Founded 2004
Sector Utilities
DESCRIPTION

Penn Fuel Propane, LLC supplies propane gas to customers in eastern Pennsylvania and Maryland.

DEAL STATS #
Overall 1 of 1
Sector (Utilities) 1 of 1
Type (Divestiture) 1 of 1
Country (United States) 1 of 1
Year (2008) 1 of 1
Size (of disclosed) 1 of 1
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