Company type | Subsidiary |
---|---|
Industry | Energy industry |
Founded | 1959 |
Headquarters | , United States |
Area served | United States |
Key people | Michael Sharp [1] , CEO & President |
Services | Propane distribution |
Revenue | $2.822 billion (2018) |
$0.190 billion (2018) | |
Total assets | $3.925 billion (2018) |
Total equity | $0.536 billion (2018) |
Number of employees | 8,500 (2025 [2] ) |
Parent | UGI Corporation |
Website | www |
Footnotes /references [3] |
AmeriGas Partners, L.P. is the largest retail propane distributor in the United States based on the volume of propane gallons distributed annually. It serves over 1.7 million residential, commercial, industrial, agricultural, wholesale and motor fuel customers in all 50 states from approximately 1,900 propane distribution locations. It is headquartered in King of Prussia, Pennsylvania and is a subsidiary of UGI Corporation. [3]
AmeriGas was founded in 1959.
In October 2008, it acquired the propane assets of Penn Fuel Propane for $32 million. [4]
In January 2012, it acquired Heritage Propane from Energy Transfer Partners for approximately $1.46 billion in cash and $1.32 billion in common units and the assumption of debt. [5]
On August 21, 2019, UGI Corporation acquired the portion of AmeriGas that it did not already own. [6] [7] Prior to the acquisition, AmeriGas shareholder, Peter Votto, filed a lawsuit in U.S. District Court to halt the deal due to "potential conflicts of interest faced by the Board." [8] The case was voluntarily dismissed two months later. [9]
In June 2018, Michigan Attorney General, Bill Schuette, filed a lawsuit against AmeriGas alleging that the company had violated the Michigan Consumer Protection Act. This was the second time the Attorney General filed suit against the company in four years. [10] [11]
On November 14, 2019, the Delta Saloon in Virginia City, Nevada filed a lawsuit in Washoe County District Court claiming that AmeriGas failed to refill the propane tanks, then allegedly improperly refilled the tanks, leading to an explosion on March 12, 2019. The explosion caused $3 million in damage to the historic building. [12]
In March 2020, AmeriGas was required to face Michigan Attorney General Dana Nessel's consumer lawsuit after the U.S. Court of Appeals for the Sixth Circuit found it was removable under the Class Action Fairness Act. [13]
Propane is a three-carbon alkane with the molecular formula C3H8. It is a gas at standard temperature and pressure, but compressible to a transportable liquid. A by-product of natural gas processing and petroleum refining, it is often a constituent of liquefied petroleum gas (LPG), which is commonly used as a fuel in domestic and industrial applications and in low-emissions public transportation; other constituents of LPG may include propylene, butane, butylene, butadiene, and isobutylene. Discovered in 1857 by the French chemist Marcellin Berthelot, it became commercially available in the US by 1911. Propane has lower volumetric energy density than gasoline or coal, but has higher gravimetric energy density than them and burns more cleanly.
Sunoco LP is an American master limited partnership organized under Delaware state law and headquartered in Dallas, Texas. Dating back to 1886, the company has transitioned from a vertically integrated energy company to a distributor of fuels and operator of energy infrastructure. It was previously engaged in oil, natural gas exploration and production, refining, chemical manufacturing, and retail fuel sales, but divested these businesses.
Ovintiv Inc. is an American petroleum company based in Denver. The company was formed in 2020 through a restructuring of its Canadian predecessor, Encana.
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TransUnion LLC is an American consumer credit reporting agency. TransUnion collects and aggregates information on over one billion individual consumers in over thirty countries including "200 million files profiling nearly every credit-active consumer in the United States". Its customers include over 65,000 businesses. Based in Chicago, Illinois, TransUnion's 2014 revenue was US$1.3 billion. It is the smallest of the three largest credit agencies, along with Experian and Equifax.
Cencora, Inc., formerly known as AmerisourceBergen, is an American drug wholesale company and a contract research organization that was formed by the merger of Bergen Brunswig and AmeriSource in 2001. It is considered one of the largest pharmaceutical companies in the world and distributes generic pharmaceuticals, over-the-counter healthcare products as well as home healthcare supplies and equipment.
Expand Energy Corporation is a natural gas exploration and production company headquartered in Oklahoma City. It was previously known as Chesapeake Energy Corporation.
Hess Corporation is an American global independent energy company involved in the exploration and production of crude oil and natural gas. It was formed by the merger of Hess Oil and Chemical and Amerada Petroleum in 1968. Leon Hess was CEO from the early 1960s through 1995, after which his son John B Hess succeeded him as chairman and CEO. The company agreed to be acquired by rival oil company Chevron in October 2023.
Ferrellgas Partners, L.P. is an American supplier of propane founded 84–85 years ago in Atchison, Kansas by A.C. Ferrell. The nationwide company is headquartered in Liberty, Missouri.
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Ropes & Gray LLP is an American multinational law firm with 14 offices located in the U.S., Asia and Europe. The firm has more than 1,500 lawyers and professionals worldwide; its clients include corporations, financial institutions, government agencies, universities, and health care organizations. It was founded in 1865 in Boston by John Codman Ropes and John Chipman Gray.
APA Corporation is the holding company for Apache Corporation, an American company engaged in hydrocarbon exploration. It is organized in Delaware and headquartered in Houston. The company is ranked 431st on the Fortune 500.
Enterprise Products Partners L.P. is an American midstream natural gas and crude oil pipeline company with headquarters in Houston, Texas. It acquired GulfTerra in September 2004. The company ranked No. 105 in the 2018 Fortune 500 list of the largest United States corporations by total revenue. Dan Duncan was the majority owner until his death in 2010.
Energy Transfer LP is an American company engaged in the pipeline transportation, storage, and terminaling for natural gas, crude oil, NGLs, refined products and liquid natural gas. It is organized under Delaware state laws and headquartered in Dallas, Texas. It was founded in 1996 by Ray Davis and Kelcy Warren, who remains Executive Chairman.
UGI Corporation is a natural gas and electric power distribution company headquartered in King of Prussia, Pennsylvania, with extensive operations in the United States and Europe.
SemGroup Corporation was a publicly-traded company engaged in natural gas, petroleum, and propane pipeline transport. It was organized in Delaware and headquartered in Tulsa, Oklahoma. In December 2019, the company was acquired by Energy Transfer LP.
The Falk Corporation explosion refers to a large and fatal propane gas explosion at a Falk Corporation building in the industrial Menomonee River Valley neighborhood of Milwaukee, Wisconsin on December 6, 2006. Three people were killed and forty-seven others injured. Cars were reportedly flipped through the air and debris scattered over several blocks. An investigation of the cause of the disaster uncovered leaks in a pipe running below the building, which supplied propane to the heating system for the complex. Several parties involved in the explosion have launched legal action in connection to the accident.
MDU Resources Group, Inc. is a U.S.-based corporation supplying products and services to regulated energy delivery and utilities related construction materials and services businesses. It is headquartered in Bismarck, North Dakota, and operates in 48 states.
Adtalem Global Education Inc. is a US corporation based in Chicago, Illinois, that operates several for-profit higher education institutions, including American University of the Caribbean School of Medicine, Chamberlain University, EduPristine, Ross University School of Medicine, Ross University School of Veterinary Medicine, and Walden University.
Parkland Corporation is a Calgary, Alberta-based energy and retail company. Parkland operates gas stations under the Esso, Ultramar, Chevron, Pioneer, and Fas Gas Plus brands. The company holds the rights to the convenience store brand On the Run in Canada and most of the United States, and franchises White Spot's fast food restaurant chain Triple O's in Alberta, British Columbia, and Ontario. Parkland also operates commercial oil and gas businesses under the Bluewave Energy, Sparlings, and Ultramar brands.