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Latham & Watkins Advises UGI in US$540 Million Acquisition of Mountaineer Gas Company

December 31, 2020
A multidisciplinary team advises the natural gas and electric distributor in expanding its utility footprint.

UGI Corporation has announced that it 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. 

Latham & Watkins LLP represents UGI Corporation in the transaction with a corporate deal team led by Houston partner Ryan Maierson, 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.