M&A Deal Summary

UGI Acquires Mountaineer Gas Co.

On December 30, 2020, UGI acquired utilities company Mountaineer Gas Co. for 540M USD

Acquisition Highlights
  • This is UGI’s 3rd transaction in the Utilities sector.
  • This is UGI’s 2nd largest (disclosed) transaction.
  • This is UGI’s 3rd transaction in the United States.
  • This is UGI’s 1st transaction in West Virginia.

M&A Deal Summary

Date 2020-12-30
Target Mountaineer Gas Co.
Sector Utilities
Buyer(s) UGI
Deal Type Add-on Acquisition
Deal Value 540M USD

Target

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.

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Buyer(S) 1

Buyer

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 8 of 8
Sector: Utilities M&A 3 of 3
Type: Add-on Acquisition M&A Deals 4 of 4
State: West Virginia M&A 1 of 1
Country: United States M&A 3 of 3
Year: 2020 M&A 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS 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
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-10-21 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.

Sell €55M