AmeriGas

AmeriGas Partners, L.P. is the largest retail propane distributor in the United States based on the volume of propane gallons distributed annually. It serves over 1.7 million residential, commercial, industrial, agricultural, wholesale and motor fuel customers in all 50 states from approximately 1,900 propane distribution locations. It is headquartered in King of Prussia, Pennsylvania and is a subsidiary of UGI Corporation.[1]

AmeriGas Partners, L.P.
TypeSubsidiary
IndustryEnergy industry
Founded1959 (1959)
Headquarters
King of Prussia, Pennsylvania
,
United States
Area served
United States
Key people
Hugh J. Gallagher, President & CEO
Ted J. Jastrzebski, CFO
ServicesPropane distribution
Revenue $2.822 billion (2018)
$0.190 billion (2018)
Total assets $3.925 billion (2018)
Total equity $0.536 billion (2018)
Number of employees
7,700 (2018)
ParentUGI Corporation
Websitewww.amerigas.com
Footnotes / references
[1]
AmeriGas facility in Ypsilanti, Michigan

History

AmeriGas was founded in 1959.

In October 2008, it acquired the propane assets of Penn Fuel Propane for $32 million.[2]

In January 2012, it acquired Heritage Propane from Energy Transfer Partners for approximately $1.46 billion in cash and $1.32 billion in common units and the assumption of debt.[3]

On August 21, 2019, UGI Corporation acquired the portion of AmeriGas that it did not already own.[4]

References
  1. "AmeriGas Partners, L.P. 2018 Form 10-K Annual Report". U.S. Securities and Exchange Commission.
  2. "UGI Affiliate Acquires PPL Gas Utilities" (Press release). UGI Corporation. October 1, 2008.
  3. Heidi N (January 12, 2012). "AMERIGAS PARTNERS ANNOUNCES COMPLETION OF HERITAGE PROPANE ACQUISITION". Amerigas.
  4. "UGI and AmeriGas Partners, L.P. Complete Merger Transaction" (Press release). Business Wire. August 21, 2019.
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