A UGI (UGI) unit's joint venture, Pine Run Gathering, said late Monday it has completed the acquisition of Superior Midstream Appalachian for $120 million, subject to customary adjustments.
Pine Run, in which UGI Energy Services has a 49% stake, said the transaction was entirely debt-funded and expected to be immediately accretive to earnings.
Superior Midstream Appalachian owns and operates three gathering systems in Pennsylvania, Pine Run said.
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