The Online Investor
Utilities M&A image Utilities M&A » By The Online Investor Staff, updated Sat., Apr. 17, 1:05 PM Recent mergers and acquisitions in the Utilities M&A category.

Slide #42. Star Gas Partners, L.P. Griffith Energy

Acquirer: Star Gas Partners, L.P. (NYSE:SGU)
Acquiree: Griffith Energy
Details: Star Gas Partners, L.P. (the "Partnership" or "Star") (NYSE:SGU), a home energy distributor and services provider specializing in heating oil, today announced that it has completed its acquisition of Griffith Energy Services, Inc. ("Griffith"). As previously announced, the Partnership acquired the equity of Griffith for $69.9 million plus estimated working capital, which amounted to $32.2 million at closing.

Star Group is a home heating oil and propane distributor and services provider. Co. sells home heating oil and propane to full service residential and commercial customers and on a delivery only basis. Co. also sells gasoline and diesel fuel to customers. Co. installs, maintains, and repairs heating and air conditioning equipment and to a lesser extent provides these services outside its heating oil and propane customer base including service contracts for natural gas and other heating systems. Co. conducts its business through an operating subsidiary, Petro Holdings, Inc., utilizing several local brand names, such as Petro Home Services, Meenan, and Griffith Energy Services, Inc.

Open the SGU Page at The Online Investor »

Company Name: 
Star Group LP
Website: 
www.stargrouplp.com
Sector: 
Gas Utilities
Number of ETFs Holding SGU: 
3
Total Market Value Held by ETFs: 
$3.13M
Total Market Capitalization: 
$513.00M
% of Market Cap. Held by ETFs: 
0.61%
 

Open the SGU Page at The Online Investor (in a new window) »

Quotes delayed 20 minutes


Utilities M&A - Slide 42 of 100 Page | www.TheOnlineInvestor.com

Copyright © 1998 - 2021, All Rights Reserved
Nothing in The Online Investor is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and stock market videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact The Online Investor; Meet Our Editorial Staff.