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Ugi Corporation Completes Acquisition Of Mountaineer Gas

PUBLIC · UGISep 01, 2021

Acquiring Company

UGI

Acquired Company

Mountaineer Gas

King Of PrussiaManufacturingEnergySustainabilityOil And GasNatural ResourcesRenewable EnergyBiomass Energy

Description

UGI Corporation (NYSE: UGI) has completed the previously announced acquisition of Mountaintop Energy Holdings LLC, owner of Mountaineer Gas Company (“Mountaineer”), the largest gas local distribution company in West Virginia, for an enterprise value of $540 million. With all closing conditions now satisfied, including final regulatory approval from the West Virginia Public Service Commission, Mountaineer becomes the newest wholly-owned subsidiary of UGI.

Quick answer

UGI is acquiring Mountaineer Gas, announced September 1, 2021. UGI is based in King Of Prussia, Pennsylvania, United States.

How much did UGI pay for Mountaineer Gas?
The deal value was not disclosed.
What does UGI do?
UGI Corp. is a natural-gas and electric distribution utility that operates in Pennsylvania and Europe.
Where are UGI and Mountaineer Gas based?
UGI is based in King Of Prussia, Pennsylvania, United States.
Who are the decision-makers at UGI?
Fundz holds 1 contact at UGI. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

UGI

Location

King Of Prussia, Pennsylvania, United States

About

UGI Corp. is a natural-gas and electric distribution utility that operates in Pennsylvania and Europe. The company manages a network of utilities, pipelines, and storage systems, and is also involved in the propane business through its subsidiary AmeriGas. UGI has a broad product offering, maintaining a strong presence in the energy sector.

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Frequently asked

Who acquired Mountaineer Gas?

Mountaineer Gas was acquired by UGI, based in King Of Prussia. The deal was reported on September 1, 2021. UGI Corp. is a natural-gas and electric distribution utility that operates in Pennsylvania and Europe. UGI is publicly traded (UGI) and operates in Manufacturing.

When did UGI acquire Mountaineer Gas?

UGI's acquisition of Mountaineer Gas was reported on September 1, 2021. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Mountaineer Gas do?

Mountaineer Gas is the company acquired in this transaction. It is privately held.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.