UGI Sells Electric Division to Argo Infrastructure Partners

UGI Utilities, Inc., a subsidiary of UGI Corporation (NYSE: UGI), has announced a definitive agreement to sell its Electric Division to funds managed by Argo Infrastructure Partners LP. This strategic move sharpens UGI's focus on its core natural gas business while entrusting the Electric Division's customers and employees to Argo, a committed infrastructure operator with deep experience in regulated utilities. The transaction marks Argo's 20th investment overall and its 4th utility investment in Pennsylvania, signaling continued confidence in the region's growth potential. Argo plans to bring expanded capital investment and long-term infrastructure management expertise to the electric utility, which serves a growing part of the Commonwealth. For full details, click here.

UGI Utilities, Inc. currently serves over 760,000 customers across Pennsylvania and Maryland, providing both natural gas and electric services. By divesting the Electric Division, UGI aims to streamline operations and allocate resources more efficiently toward its natural gas and broader energy solutions. Argo Infrastructure Partners, founded by Jason Zibarras, manages over $7.5 billion in assets as of March 2026 and focuses on high-quality mid-market infrastructure assets, including utilities, renewable energy, and digital infrastructure. The firm's long-term investment philosophy aligns with the needs of regulated utilities, emphasizing sustainable and responsible investing. UGI Corporation, listed on the NYSE, continues to expand its portfolio of energy services across the U.S. and Europe, including natural gas, propane, and renewable natural gas.

This transaction underscores a trend of utility consolidation and specialization, where companies divest non-core assets to strengthen their primary operations. For UGI, the sale allows it to double down on its natural gas business, which is central to its growth strategy. For Argo, the acquisition adds a regulated electric utility to its growing portfolio of essential infrastructure assets, reinforcing its commitment to Pennsylvania. Customers of the Electric Division can expect continuity of service and potential improvements from Argo's infrastructure investment focus. The deal is subject to regulatory approvals and customary closing conditions. To stay updated on this development, visit the UGI Utilities newsroom.