AmeriGas
| Company type | Subsidiary |
|---|---|
| Industry | Propane distribution |
| Founded | 1959 |
| Headquarters | King of Prussia , United States |
Area served | United States |
| Parent | UGI Corporation |
AmeriGas Partners, L.P. stands as the foremost retail distributor of propane in the United States by volume, catering to more than 1.7 million customers across residential, commercial, industrial, agricultural, wholesale, and motor fuel sectors. Its network comprises approximately 1,900 distribution sites nationwide. The company is headquartered in King of Prussia, Pennsylvania and functions as a subsidiary under the umbrella of UGI Corporation.
History
Established in 1959, AmeriGas grew significantly through strategic acquisitions, notably purchasing Penn Fuel Propane’s assets in October 2008 for $32 million. In January 2012, it further expanded by acquiring Heritage Propane from Energy Transfer Partners for an estimated total of $1.46 billion in cash, $1.32 billion in common units, along with the assumption of existing debt.
On August 21, 2019, UGI Corporation finalized the purchase of all remaining AmeriGas shares it did not previously hold. This $2.4 billion transaction was preceded by a lawsuit filed by shareholder Peter Votto accusing potential conflicts of interest within the board; however, the lawsuit was dismissed two months following its initiation.
Lawsuits
In June 2018, Michigan’s Attorney General Bill Schuette initiated legal action against AmeriGas for breaching the Michigan Consumer Protection Act, marking the second instance of such litigation within a four-year period.
On November 14, 2019, the Delta Saloon located in Virginia City, Nevada filed a lawsuit against AmeriGas in Washoe County District Court. The claim involved allegations of improper propane tank refilling that led to an explosion on March 12, 2019, causing approximately $3 million in damages to the historic establishment.
In March 2020, AmeriGas was ordered to respond to a consumer lawsuit brought by Michigan Attorney General Dana Nessel after the U.S. Court of Appeals for the Sixth Circuit ruled that the case qualified for removal under the Class Action Fairness Act.