UGI Utilities, a wholly owned subsidiary of UGI Corporation (UGI), announced a definitive agreement to sell its Electric Division to funds managed by Argo Infrastructure Partners LP, a well-established mid-market manager of essential infrastructure and utility assets. The purchase price is approximately $470 million with working capital adjustments. After-tax proceeds will be used to reduce UGI debt and for general corporate purposes, strengthening UGI’s balance sheet and providing greater financial flexibility. The transaction is expected to close in the first quarter of calendar year 2027, subject to customary closing conditions and applicable regulatory approvals.
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