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Gas Utilities M&A image Gas Utilities M&A » By The Online Investor Staff, updated Fri., Mar. 29, 6:52 AM Recent mergers and acquisitions in the Gas Utilities M&A category.

Slide #10. Star Gas Partners, L.P. Griffith Energy

Acquirer: Star Gas Partners, L.P. (NYSE:SGU)
Acquiree: Griffith Energy
Details: Star Gas Partners, L.P. (the "Partnership" or "Star") (NYSE:SGU), a home energy distributor and services provider specializing in heating oil, today announced that it has completed its acquisition of Griffith Energy Services, Inc. ("Griffith"). As previously announced, the Partnership acquired the equity of Griffith for $69.9 million plus estimated working capital, which amounted to $32.2 million at closing.

Star Group is a home heating oil and propane distributor and services provider. Co. sells home heating oil and propane to residential and commercial customers . Co. also sells gasoline and diesel fuel to customers. Co. installs, maintains, and repairs heating and air conditioning equipment and to a lesser extent provide these services outside of its heating oil and propane customer base including service contracts for natural gas and other heating systems. Co. conducts its business through an operating subsidiary, Petro Holdings, Inc., utilizing seceral local brand names, such as Petro Home Services, Meenan, and Griffith Energy Services, Inc.

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Company Name:  Star Group LP
Website:  www.stargrouplp.com
Sector:  Gas Utilities
Number of ETFs Holding SGU:  1
Total Market Value Held by ETFs:  $27639
Total Market Capitalization:  $467.00M
% of Market Cap. Held by ETFs:  0.01%
 

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March 29, 2024    6:52 AM Eastern
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