AmeriGas Propane to Divest Hawaii Assets to Isle Gas in Strategic Deal

Reuters
06-20
AmeriGas Propane to Divest Hawaii Assets to Isle Gas in Strategic Deal

AmeriGas Propane, L.P., the largest retail propane distributor in the United States, has announced a definitive agreement to sell its assets in Hawaii to Isle Gas, a subsidiary of AMF Hawaii Investment Holdings, LLC. This transaction involves the divestment of approximately 750,000 gallons of propane storage facilities and a fleet of delivery vehicles serving customers across Hawaii. The proceeds from the sale will be used to reduce debt at AmeriGas. The transaction is expected to finalize in the fourth quarter of fiscal year 2025, pending customary closing conditions. AmeriGas President Mike Sharp stated that this move aligns with the company's strategy to enhance operational results and customer value by focusing on regions where they can achieve superior outcomes.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. UGI Corporation published the original content used to generate this news brief via Business Wire (Ref. ID: 20250620594938) on June 20, 2025, and is solely responsible for the information contained therein.

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