UGI
Bye-bye, electric division
UGI Utilities, a wholly owned subsidiary of UGI Corporation, says it has struck a definitive deal to sell its Electric Division to funds managed by Argo Infrastructure Partners. The price tag: roughly $470 million, plus a few working-capital tweaks that will get settled at closing.
Why you should care
This isn't just UGI tidying up the garage. Selling a utility asset can be a way to simplify the business, unlock capital, and reduce leverage — all things investors tend to like when debt is hanging around like a bad group chat.
What happens next
The company says the after-tax proceeds will go toward reducing debt and other uses. Translation: fewer financial headaches, more flexibility, and maybe a cleaner story for the market to chew on.
Big picture
For UGI, this looks like a classic portfolio shake-up: sell a non-core asset, shore up the balance sheet, and hope investors reward the move instead of asking what gets sold next.