AmeriGas completes Heritage Propane deal

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.