M&A Deal Summary

UGI Acquires AmeriGas Partners

On April 2, 2019, UGI acquired distribution company AmeriGas Partners

Acquisition Highlights
  • This is UGI’s 1st transaction in the Distribution sector.
  • This is UGI’s 1st transaction in the United States.
  • This is UGI’s 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2019-04-02
Target AmeriGas Partners
Sector Distribution
Buyer(s) UGI
Deal Type Add-on Acquisition
Advisor(s) Tudor, Pickering, Holt & Co., LLC (Financial)
Potter Anderson & Corroon
Baker Botts (Legal)

Target

AmeriGas Partners

King of Prussia, Pennsylvania, United States
AmeriGas Partners LP is a retail propane distributor in the United States. The Partnership serves over 1.8 million residential, commercial, industrial, agricultural, wholesale and motor fuel customers in all 50 states from approximately 1,900 propane distribution locations. AmeriGas Partners LP was formed in 1994 and is headquartered in King of Prussia, Pennsylvania.

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Buyer(S) 1

Buyer

UGI

King of Prussia, Pennsylvania, United States
Category Company
Founded 1882
Sector Utilities
Employees11,300
Revenue 8.9B USD (2023)
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 6 of 8
Sector (Distribution) 1 of 1
Type (Add-on Acquisition) 3 of 4
State (Pennsylvania) 1 of 1
Country (United States) 1 of 3
Year (2019) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-05 Totalgaz Italia S.r.l.

Rome, Italy

Totalgaz Italia S.r.l. serves approximately 65,000 customers in the northern region of Italy, the 9th largest economy in the world, primarily for space heating and industrial applications.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-02 Columbia Midstream Group

United States

Columbia Midstream Group LLC holds five gathering systems, with capacity of roughly 2,675,000 MMBtu/day and 240 miles of pipeline, located in the southwestern core of the Appalachian Basin.

Buy $1.3B
Mergr

Product

Company

Legal