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UGI Energy Services to Acquire Columbia Midstream Group, LLC From a Subsidiary of TC Energy Corporation

[fa icon="calendar'] Jul 2, 2019 11:15:00 AM / by Kaitlin Killian posted in News, acquisition, Columbia Midstream, TC Energy

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UGI Subsidiary to Acquire Columbia Midstream Group, LLC From a Subsidiary of TC Energy Corporation

JULY 02, 2019
 

VALLEY FORGE, Pa.--(BUSINESS WIRE)-- UGI Corporation (NYSE: UGI) announced that its subsidiary, UGI Energy Services, LLC, has signed a definitive agreement to acquire the equity interests of Columbia Midstream Group LLC, (“CMG”) from a subsidiary of TC Energy Corporation (NYSE: TRP) (“TC Energy”) for approximately $1.275 billion, subject to customary adjustments at closing. CMG 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.

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