[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
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.
A subsidiary of UGI Corporation, UGI Energy Services supplies and markets natural gas, liquid fuels, and electricity to 40,000 customer locations across the Mid-Atlantic and Northeastern US.
We are a supplier, marketer, and midstream services provider – one backed by 135 years of natural gas experience, plus our own expanding energy infrastructure. Along with buying and selling energy commodities at the wholesale level, UGIES owns and operates key electric generation and midstream natural gas assets throughout Pennsylvania.
Our unique capabilities enable highly reliable energy solutions. Our asset-based infrastructure gives us stability as well as valuable insights from across the energy industry. Ultimately, our focus on personalized service helps us develop solutions best suited to unique customer requirements.
With headquarters and supply sources near the heart of the Marcellus Shale, UGIES is well positioned to meet the changing energy demands of commercial, industrial, institutional, and government customers for years to come.
[fa icon="phone"] (800)427-8545
[fa icon="envelope"] customercare@ugies.com
[fa icon="home"] 835 Knitting Mills Way, Wyomissing PA 19610