UGI Corporation has completed the acquisition of Mountaintop Energy Holdings LLC, owner of Mountaineer Gas Company (Mountaineer), the largest gas local distribution company in West Virginia. The transaction is worth US$540 million. With all closing conditions now satisfied, including final regulatory approval from the West Virginia Public Service Commission, Mountaineer becomes the newest wholly-owned subsidiary of UGI.

Mountaineer serves nearly 215,000 customers across 50 of West Virginia’s 55 counties. The customer base is approximately 90% residential, with the remaining 10% comprising of commercial and industrial customers. Mountaineer is fully regulated, and its system has nearly 6,000 miles of distribution, transmission, and gathering pipelines.