AmeriGas completes Heritage Propane deal

February 10, 2012 By    

AmeriGas closed the acquisition of Heritage Propane, the propane operations of Energy Transfer Partners L.P., the nation’s largest propane retailer announced. The deal, for about $1.46 billion in cash, $1.32 billion in common units and the assumption of debt, will add more than 1 million retail propane customers and more than 500 million gallons to AmeriGas’ nationwide propane distribution operations. Heritage Propane was the nation’s third-largest propane retailer.

Kevin Yanik

About the Author:

Kevin Yanik is the senior editor of LP Gas Magazine. Contact him at kyanik@northcoastmedia.net or 216-706-3724.

Comments are currently closed.