Acquisition Expands the Company’s Forklift Cylinder Exchange Capabilities
VALLEY FORGE, Pa., August 9, 2022 – AmeriGas Propane (“AmeriGas”), the nation’s largest retail propane marketer and a subsidiary of UGI Corporation (NYSE: UGI), has acquired the Miami operations of South Florida Lift Gas.
South Florida Lift Gas serves primarily 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,” said Paul M. Ladner, President – 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 motorfuel business.”
Ladner continued, “I would like to thank the leaders of South Florida Lift Gas and the brokerage firm Blue Peak Resources for their cooperation throughout this transaction. On behalf of the AmeriGas team in Medley, we are thrilled to welcome both customers and employees of South Florida Lift Gas to our Company.”
“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,” said John Armentano, Partner, Blue Peak Resources. “It has been a pleasure working with the team at AmeriGas through what was a very smooth and organized transition.”
About AmeriGas
AmeriGas is the largest retail propane marketer in the United States, with more than 1 billion gallons sold annually to 1.4 million customers in all 50 states from approximately 1,600 locations. More information about AmeriGas is available at https://www.amerigas.com.
About UGI Corporation
UGI Corporation 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 (through AmeriGas) and internationally (through UGI International), 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 United States and California, and internationally in France, Belgium, the Netherlands and the UK.
Comprehensive information about UGI Corporation is available on the Internet at https://www.ugicorp.com.
About Blue Peak Resources, LLC
Blue Peak Resources was created by John Armentano and Mike Gioffre, with a goal to help independent propane and fuel oil business owners more effectively navigate the process of selling their business.
With over 100 years of combined industry experience, the trustworthy leadership team at Blue Peak Resources has unparalleled knowledge of the propane and fuel oil industry.
UGI Investor Relations
610-337-1000
Tameka Morris, ext. 6297
UGI Media Relations
Rob Ferris, 610-684-5835
AmeriGas Acquisitions
610-337-7000
Warren Patterson, ext. 1050
Blue Peak Resources
Mike Gioffre, 914-420-2940
