Retail Supplier Disposes Of HVAC, Mechanical Business; Licenses Brand Name
Also Sells Ownership Stake In Coal Plant
October 1, 2020 Email This Story Copyright 2010-20 EnergyChoiceMatters.com
Reporting by Paul Ring • email@example.com
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HomeServe USA (HomeServe) announced the acquisition, through its Energy Services operation, of substantially all of the assets of UGI HVAC Enterprises, Inc. (UGI HVAC) located in Wyomissing, Pennsylvania.
UGI HVAC operated under UGI Energy Services and ultimately is an indirect wholly owned subsidiary of UGI Corporation. The UGI HVAC operations include UGI Heating, Cooling & Plumbing, Berkshire Mechanical, and Denny’s Electric.
HomeServe said that it, "will be able to offer exceptional HVAC installation, maintenance and repair services under the familiar UGI HVAC brand that HomeServe will continue to use under a long-term licensing agreement."
As part of this acquisition, almost all UGI HVAC’s staff members have accepted offers of employment with HomeServe’s Energy Services operation
Conemaugh Ownership Stake Sale
In a separate transaction, UGI Corporation announced today that a subsidiary, UGI Energy Services, LLC, sold its ownership stake in the Conemaugh coal-fired power generation station to Montour, LLC.
UGI held an ownership share of approximately 6%, or 102 MW of the Conemaugh facility, located near Johnstown in Western Pennsylvania
UGI described the sale of the "non-core asset" as, "consistent with our focus on growing our Midstream and Utilities businesses."