UGI to acquire WV gas company for USD 540m

31 December 2020 - 12:00 am UTC

International energy products and services distributor UGI Corporation has signed a definitive agreement to acquire Mountaintop Energy Holdings LLC, owner of Mountaineer Gas Company, the largest gas distribution company in West Virginia, according to a 30 December press release.

The transaction values Mountaineer at USD 540m, including the assumption of approximately USD 140m of debt.

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