UGI - M&A Summary and Business Overview

UtilitiesCompany

UGI M&A Summary

UGI has acquired 8 companies, including 3 in the last 5 years. A total of 1 acquisition came from private equity firms.

UGI’s largest acquisition to date was in 2019, when it acquired Columbia Midstream Group for $1.3B. UGI has acquired in 3 different US states, and 5 countries. The Company’s most targeted sectors include utilities (38%) and energy services and equipment (25%).

UGI Business Overview

Where is UGI headquartered?

UGI is headquartered in King of Prussia, Pennsylvania.

What is UGI’s revenue?

UGI disclosed revenue of 10,106M USD for 2022 and 7,447M USD for 2021.

How many employees does UGI have?

UGI has 11,300 employees.

What sector is UGI in?

UGI is an utilities company.

When was UGI founded?

UGI was founded in 1882.

M&A Summary

  • M&A Total Activity8
    • M&A Buy Activity8
  • Total Sectors Invested 4
  • Total Countries Invested 5
  • M&A Buy/Sell Connections 4
  • M&A Advisors 4

UGI

UGI Corp.

460 North Gulph Road,
King of Prussia, Pennsylvania 19406
United States,
(610) 337-1000
www.ugicorp.com

UGI is a distributor and marketer of energy products and services. Through subsidiaries, UGI operates natural gas and electric utilities in Pennsylvania, distributes propane both domestically and internationally, manages midstream energy and electric generation assets in Pennsylvania, and engages in energy marketing in the Mid-Atlantic region. UGI was founded in 1882 and is based in King of Prussia, Pennsylvania.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 7 1 - - - - 8
vol $1.3B $540M $1.8B
Sell (0.0/yr) # - - - - - - 0
  8

Most Recent M&A

Company Date Value Type
Mountaineer Gas Co. 2020-12-30 540M USD Add-on Acquisition
Charleston, West Virginia · www.mountaineergasonline.com
Columbia Midstream Group LLC 2019-07-02 1.3B USD Divestiture
, United States
AmeriGas Partners LP 2019-04-02 - Add-on Acquisition
King of Prussia, Pennsylvania · www.amerigas.com
Totalgaz Italia S.r.l. 2017-10-05 - Divestiture
Rome, Italy
DVEP Investeringen B.V. 2017-10-05 - Add-on Acquisition
Hengelo, Netherlands
Total’s French LPG business 2014-07-02 - Divestiture
, France
Shell Gas Hungary Zrt. 2011-10-14 - Divestiture
Budaörs, Hungary
Antargaz SA 2004-08-01 - Add-on Acquisition
Courbevoie, France · www.antargaz.fr
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
UGI HVAC Enterprises, Inc.    - UGI HVAC Enterprises, Inc. - HVAC Operations 2020-10-01 1
Wyomissing, Pennsylvania · www.ugihvac.com Wyomissing, Pennsylvania
UGI Utilities, Inc.    - PPL Gas Utilities Corp. 2008-10-01 2
Reading, Pennsylvania · www.ugi.com Allentown,, Pennsylvania · www.gasmngmt.ugi.com/UGIC/
UGI Utilities, Inc.    - PG Energy, Inc. 2006-01-27 1
Reading, Pennsylvania · www.ugi.com Wilkes-Barre, Pennsylvania

M&A by Sector

Sector Buy # Value Sell # Value
Utilities 3 (38%) 540M (30%) - -
Energy Services and Equipment 2 (25%) 1.3B (70%) - -
Oil/Gas Exploration 2 (25%) - - -
Distribution 1 (13%) - - -
Total 8 $1.8B - -

By Geo

State/Country Buy Value Sell Value
United States 3 1.8B - -
  West Virginia 1 540M - -
  Pennsylvania 1 - - -
France 2 - - -
Hungary 1 - - -
Italy 1 - - -
Netherlands 1 - - -
Domestic 3 (38%) 1.8B (100%) - -
Cross-border 5 (63%) - - -
Total 8 $1.8B - -

Top M&A Advisors

Financial Deals
Goldman Sachs
 1
J.P. Morgan Securities
 1
Credit Suisse Investment Banking
 1
Legal Deals
Latham & Watkins
 3

Deal Values

buy # Total
> $1B 1 $1.3B
$100M to $1B 1 $540M
TOTAL $1.8B
Largest Columbia Midstream Group LLC
$1.3B (2019-07-02)

M&A Connections

Deals
Acquired from
Investor(s)
13%
1 (13%)
Strategic(s)
50%
4 (50%)

Company Summary

SECTOR

Utilities

Revenue

10,106   36% 2022
7,447   14% 2021
6,559   11% 2020
7,320   5% 2019
7,651   25% 2018
6,121   8% 2017
5,686   16% 2016
6,691   20% 2015
8,277   16% 2014
7,194   11% 2013
6,521   2012
(millions of USD) Show More Show Less

Employees

11,300

Established

1882

Public

NYSE: UGI

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