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AmeriGas was founded in 1959. In October 2008, it acquired the propane assets of Penn Fuel Propane for $32 million. [2]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.
AmeriGas, Ypsilanti, MI. UGI Corporation (formerly United Gas Improvement Corp.) is a natural gas and electric power distribution company headquartered in King of Prussia, Pennsylvania, with extensive operations in the United States and Europe. [1] UGI owns AmeriGas, the largest propane marketer in the United States.
While CEO of UGI in 2008, Greenberg earned a total compensation of $5,720,227, which included a base salary of $1,026,300; a cash bonus of $964,722; stock granted of $2,123,800; options granted of $1,524,000; and other compensation of $81,405.
The Conservative Gas Corporation established a propane bottling business in Wyandanch in 1929. Today it operates as Amerigas Propane LP. In 1947, Joseph F. Walsh established a paper box factory in Wyandanch, and Ignatius Davidson and Mortimer Cumberbach expanded their C & D Cement Block factory, making it the largest African-American-owned ...
On December 1, 2002, Ferrellgas purchased the propane operations of ProAm, Inc., then the nation's 17th largest propane retailer, for $25.6 million and a $10 million deferred seller note. The regional company had 70,000 customers and 57 retail outlets in seven states, the largest concentration of these being in Georgia and Texas.
Energy Transfer owns controlling interests in Sunoco LP.It also owns 100% of Sunoco Logistics Partners Operations L.P., 46% non-economic general partner interest in USA Compression Partners L.P., and 100% of Lake Charles LNG which consists of an LNG import terminal and regasification facility near Lake Charles, Louisiana.
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Canadian auto propane demand began to increase dramatically in the 1980s after the Government of Canada introduced a CA$400 grant in 1981 for consumers to convert their vehicles to run on propane in response to national energy security concerns. Some provinces also offered various grants and incentives for propane conversions.