UGI’s $540 Million Acquisition of Mountaineer Gas Company


Latham & Watkins LLP represented UGI Corporation in the transaction.

UGI Corporation has signed a definitive agreement to acquire Mountaintop Energy Holdings LLC, owner of Mountaineer Gas Company, the largest gas local distribution company in West Virginia for an enterprise value of US$540 million, which includes the assumption of approximately US$140 million of debt.

UGI Corporation is an international energy distribution and services company that provides superior service in delivering a range of energy products.

Latham & Watkins LLP represented UGI Corporation in the transaction with a corporate deal team led by Houston partner Ryan Maierson (Picture), with Houston associates Kevin Richardson, Blake Berkey and Ben Marek. Advice was also provided on antitrust matters by Washington, D.C. partner Jason Cruise and Washington, D.C. counsel Peter Todaro, with Washington, D.C. associate Damon Porter; on employment and benefits matters by Washington, D.C. partner Adam Kestenbaum; on environmental matters by Houston partner Joel Mack, Chicago partner Mary Rose Alexander and Los Angeles counsel Joshua Marnitz; on finance matters by Houston partner Catherine Ozdogan, with Houston associates Bryce Kaufman, Hye Lee and Dylan Carroll; on real estate matters by Chicago partner Rachel Bates, with Chicago associates Zonia Medina and Kate Friedli; on insurance matters by San Diego associate Hannah Cary; and on tax matters by Houston partner Bryant Lee, with Houston associate Marianne Standley.

Involved fees earner: Mary Rose Alexander – Latham & Watkins; Rachel Bates – Latham & Watkins; Blake Berkey – Latham & Watkins; Dylan Carroll – Latham & Watkins; Hannah Cary – Latham & Watkins; Jason Cruise – Latham & Watkins; Katherine Friedli – Latham & Watkins; Bryce Kaufman – Latham & Watkins; Adam Kestenbaum – Latham & Watkins; Hye Lee – Latham & Watkins; Bryant Lee – Latham & Watkins; Joel Mack – Latham & Watkins; Ryan Maierson – Latham & Watkins; Joshua Marnitz – Latham & Watkins; Zonia Medina – Latham & Watkins; Catherine Ozdogan – Latham & Watkins; Damon Porter – Latham & Watkins; Kevin Richardson – Latham & Watkins; Marianne Standley – Latham & Watkins; Peter Todaro – Latham & Watkins;

Law Firms: Latham & Watkins;

Clients: UGI Corporation;

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Author: Ambrogio Visconti