AmeriGas
{{Short description|Largest retail propane distributor in the United States}}
{{Infobox company
| name = AmeriGas Partners, L.P.
| logo = AmeriGas_logo.svg
| type = Subsidiary
| foundation = {{start date and age|1959}}
| location_city = King of Prussia, Pennsylvania
| location_country = United States
| key_people = Michael Sharp,https://www.ugicorp.com/news-releases/news-release-details/ugi-corporation-names-michael-sharp-president-ceo-amerigas CEO & President
| area_served = United States
| industry = Energy industry
| services = Propane distribution
| parent = UGI Corporation
| revenue = {{increase}} $2.822 billion (2018)
| net_income = {{increase}} $0.190 billion (2018)
| assets = {{decrease}} $3.925 billion (2018)
| equity = {{decrease}} $0.536 billion (2018)
| num_employees = 8,500 (2025https://pitchbook.com/profiles/company/41209-57)
| homepage = {{URL|https://www.amerigas.com/}}
| footnotes = {{cite web | url=https://www.sec.gov/Archives/edgar/data/932628/000093262818000022/apu201810k.htm | title=AmeriGas Partners, L.P. 2018 Form 10-K Annual Report | publisher=U.S. Securities and Exchange Commission}}
}}
Image:AmeriGas Ypsilanti.JPG]]
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.
History
AmeriGas was founded in 1959.
In October 2008, it acquired the propane assets of Penn Fuel Propane for $32 million.{{cite press release | url=https://www.ugicorp.com/investors/press-releases/press-releases-details/2008/UGI-Affiliate-Acquires-PPL-Gas-Utilities/default.aspx | title=UGI Affiliate Acquires PPL Gas Utilities | publisher=UGI Corporation | date=October 1, 2008}}
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.{{cite news | url=https://www.amerigas.com/amerigas-blog/2012/january/amerigas-partners-announces-completion-of-heritage-propane-acquisition | title=AMERIGAS PARTNERS ANNOUNCES COMPLETION OF HERITAGE PROPANE ACQUISITION | author=Heidi N | work=Amerigas | date=January 12, 2012}}
On August 21, 2019, UGI Corporation acquired the portion of AmeriGas that it did not already own.{{Cite web|title=UGI Corp (UGI) Acquires AmeriGas, Expands Propane Business|url=https://finance.yahoo.com/news/ugi-corp-ugi-acquires-amerigas-141502237.html|access-date=2021-02-19|website=finance.yahoo.com|language=en-US}}{{cite press release | url=https://www.businesswire.com/news/home/20190821005724/en/UGI-AmeriGas-Partners-L.P.-Complete-Merger-Transaction | title=UGI and AmeriGas Partners, L.P. Complete Merger Transaction | publisher=Business Wire | date=August 21, 2019}} 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."{{Cite web|last=Caffrey|first=Michelle|date=2019-07-11|title=AmeriGas shareholder sues to stop UGI's $2.4 billion acquisition|url=https://www.bizjournals.com/philadelphia/news/2019/07/11/amerigas-shareholder-suit-ugi-acquisition.html|access-date=2021-02-19|website=www.bizjournals.com}} The case was voluntarily dismissed two months later.{{Cite web |title=Votto v. Walsh et al |url=https://www.pacermonitor.com/public/case/28904283/VOTTO_v_WALSH_et_al |website=PacerMonitor}}
Lawsuits
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.{{Cite web|last=Breen|first=Arielle|title=AmeriGas faces price gouging charges for second time in 4 years|url=https://www.petoskeynews.com/gaylord/featured-ght/top-gallery/amerigas-faces-price-gouging-charges-for-second-time-in-4-years/article_7680e030-806a-11e8-bcb2-4b520175f8b8.html|access-date=2021-02-21|website=Petoskey News-Review|language=en}}{{Cite web|title=Attorney General vs. AmeriGas Propane {{!}} Fee {{!}} Revenue|url=https://www.scribd.com/document/383273091/Attorney-General-vs-AmeriGas-Propane|access-date=2021-02-21|website=Scribd|language=en}}
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.{{Cite web|last=Gross|first=Sam|title=Lawsuit: Delta Saloon explosion caused by improperly filling propane tank|url=https://www.rgj.com/story/news/2019/11/15/delta-saloon-explosion-lawsuits-say-amerigas-caused-propane-leak/4202953002/|access-date=2021-02-19|website=Reno Gazette Journal|language=en-US}}
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.{{Cite web|title=AmeriGas Must Defend Michigan AG's Consumer Suit in State Court|url=https://news.bloomberglaw.com/product-liability-and-toxics-law/amerigas-must-defend-michigan-ags-consumer-suit-in-state-court|access-date=2021-02-19|website=news.bloomberglaw.com|language=en}}
References
{{Reflist|1}}
External links
- {{Official website|https://www.amerigas.com/}}
{{Philadelphia Corporations}}
{{DEFAULTSORT:AmeriGas}}
Category:Electric power companies of the United States
Category:Natural gas companies of the United States
Category:Companies based in Montgomery County, Pennsylvania
Category:History of Philadelphia
Category:1959 establishments in Pennsylvania