M&A Deal Summary

DCC Acquires UGI s LPG Business

On October 21, 2025, DCC acquired distribution company UGI s LPG Business from UGI for 55M EUR

Acquisition Highlights
  • This is DCC’s 7th transaction in the Distribution sector.
  • This is DCC’s 7th largest (disclosed) transaction.
  • This is DCC’s 1st transaction in Austria.

M&A Deal Summary

Date 2025-10-21
Target UGI s LPG Business
Sector Distribution
Buyer(s) DCC
Sellers(s) UGI
Deal Type Divestiture
Deal Value 55M EUR

Target

UGI s LPG Business

Austria
UGI's LPG Business provides liquefied petroleum gas distribution and related services to residential, commercial, and industrial customers. UGI's LPG Business is based in Austria.

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Buyer(S) 1

Buyer

DCC

Dublin, Ireland

Category Company
Founded 1976
Sector Distribution
Employees16,700
Revenue 18.0B GBP (2025)
DESCRIPTION

DCC is a broadly based group, operating across five focused divisions: energy, technology, healthcare, environmental and food & beverage. DCC was founded in 1976 and is based in Dublin, Ireland.


DEAL STATS #
Overall 15 of 15
Sector: Distribution M&A 7 of 7
Type: Divestiture M&A Deals 4 of 4
Country: Austria M&A 1 of 1
Year: 2025 M&A 1 of 1
Size (of disclosed) 7 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-27 PVO

Rosmalen, Netherlands

PVO is a distributor of solar panels, inverters, batteries, and accessories used in the commercial, industrial, and domestic energy sectors. PVO was founded in 2014 and is based in Rosmalen, Netherlands.

Buy -

Seller(S) 1

SELLER

UGI

King of Prussia, Pennsylvania, United States

Category Company
Founded 1882
Sector Utilities
Employees9,750
Revenue 7.2B USD (2024)
DESCRIPTION

UGI is a distributor and marketer of energy products and services. Through subsidiaries, UGI operates natural gas and electric utilities in Pennsylvania, distributes propane both domestically and internationally, manages midstream energy and electric generation assets in Pennsylvania, and engages in energy marketing in the Mid-Atlantic region. UGI was founded in 1882 and is based in King of Prussia, Pennsylvania.


DEAL STATS #
Overall 1 of 1
Sector: Distribution M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Austria M&A 1 of 1
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-30 Mountaineer Gas Co.

Charleston, West Virginia, United States

Mountaineer Gas Co. is an independently operating, regulated local gas distribution company. Mountaineer serves nearly 215,000 customers across 50 of the state’s 55 counties. Mountaineer Gas was founded in 1957 and is based in Charleston, West Virginia.

Buy $540M