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Announced

Completed

UGI completed the acquisition of Mountaineer Gas for $540m.

Financials

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Transaction Value£400m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Completed

United States

gas distribution

Single Bidder

Private

natural gas

Acquisition

Gas Distribution

Friendly

Majority

Domestic

Synopsis

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UGI, a distributor and marketer of energy products and services, completed the acquisition of Mountaineer Gas, the largest gas local distribution company in West Virginia, for $540m. “We are very pleased to complete this important acquisition and expand our core utility operations in the mid-Atlantic region. I am also confident that Dave will provide excellent leadership of Mountaineer,” Roger Perreault, UGI President and CEO.

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