AmeriGas acquires forklift cylinder exchange in Florida

August 10, 2022 By    

AmeriGas Propane, a subsidiary of UGI Corp., acquired the Miami operations of South Florida Lift Gas.

South Florida Lift Gas serves forklift cylinder exchange customers in Palm Beach, Broward and Miami Dade counties. These commercial customers will now be serviced from AmeriGas’ Medley, Florida, location.

“This modest but important acquisition aligns well with our existing business and will expand our presence and scope in the growing Florida market,” says Paul Ladner, president of AmeriGas. “AmeriGas’ well-established supply, logistics and distribution network, coupled with South Florida Lift Gas’ expertise in forklift cylinder exchange, will offer customers an enhanced experience and provide AmeriGas with the opportunity to expand our capabilities in our motor fuel business.”

Mergers and acquisitions brokerage firm Blue Peak Resources managed the transaction.

“This acquisition provides an excellent opportunity for AmeriGas to continue its growth in South Florida. It is comforting for the team at South Florida Lift Gas to know their customers will continue to receive the high level of service they have experienced and are accustomed to with SFLG,” says John Armentano, partner at Blue Peak Resources.

AmeriGas is the largest retail propane marketer in the U.S., with more than 1 billion gallons sold annually to 1.4 million customers in all 50 states from about 1,600 locations.

UGI Corp. is a distributor and marketer of energy products and services. Through subsidiaries, UGI operates natural gas and electric utilities in Pennsylvania and West Virginia; distributes LPG both domestically and internationally; manages midstream energy assets in Pennsylvania, Ohio and West Virginia and electric generation assets in Pennsylvania; and engages in energy marketing, including renewable natural gas in the eastern region of the U.S. and California, and internationally in France, Belgium, the Netherlands and the U.K.

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