Stonehenge And UGI's Pine Run Gathering Acquires Superior Midstream Appalachian For $120M

UGI Corporation -1.13%

UGI Corporation

UGI

36.01

-1.13%

Pine Run Gathering LLC ("Pine Run Gathering") announced today that it has completed a transaction to acquire Superior Midstream Appalachian, LLC ("Superior Appalachian") for $120 million subject to customary adjustments. Pine Run Gathering is a joint venture owned by a subsidiary of Stonehenge Energy Resources III, LLC ("Stonehenge"), a portfolio company of Energy Spectrum Partners VIII LP, and UGI Corporation's wholly owned subsidiary, UGI Energy Services, LLC ("UGIES").

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