UGI Energy Services Blog

Stonehenge Appalachia Midstream Natural Gas Gathering System Acquisition

[fa icon="calendar'] Jan 4, 2022 11:22:46 AM / by Angela DeLong posted in natural gas, natural gas supply, News, acquisition, #stonehenge, Appalachia, midstream, pipeline, compression, appalacian, investment

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VALLEY FORGE, Pa., January 4 – UGI Corporation (NYSE:UGI) announced today that its subsidiary, UGI Energy Services, LLC (“UGIES”), has entered into a definitive agreement to acquire Stonehenge Appalachia, LLC (“Stonehenge”) from Stonehenge Energy Holdings, LLC for approximately $190 million. This investment is expected to be immediately accretive to adjusted earnings.

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