UGI Sells Electric Division to Argo Infrastructure Partners for $470 Million
UGI Corporation has agreed to sell its Electric Division in Pennsylvania to Argo Infrastructure Partners for $470 million, with the transaction expected to close in early 2027. The proceeds will be used to reduce debt and for general corporate purposes. Argo will manage the assets, which include 2,700 miles of infrastructure and 14 substations serving over 63,000 customers.
Tickers: $UGI