VALLEY FORGE, PA — AmeriGas Propane, L.P. has announced a definitive agreement to divest certain Hawaii-based assets to Isle Gas, a wholly owned subsidiary of AMF Hawaii Investment Holdings, LLC and managed by Argo Infrastructure Partners. The sale includes approximately 750,000 gallons of propane storage facilities and a delivery fleet that services customers across the Hawaiian islands.
Proceeds from the transaction will be used to reduce the company’s debt, in alignment with AmeriGas’ capital allocation priorities. The sale allows the company to focus its resources on achieving stronger operational performance in core markets.
“This divestiture reflects our commitment to maximize value through our unwavering focus on driving better operational and financial performance coupled with strategic portfolio management,” said Mike Sharp, President of AmeriGas. “Exiting the Hawaii operations allows us to concentrate our resources and supply infrastructure on markets where we can achieve superior operational results and deliver enhanced customer value.”
The transaction is expected to close in the fourth quarter of fiscal 2025, subject to customary closing conditions.
Cetane Associates served as the exclusive financial advisor to AmeriGas Propane, L.P.
By reallocating its focus and resources, AmeriGas aims to strengthen its presence and competitive standing in regions where it expects to deliver heightened value and improved operational efficiency. With this sale, the company continues to optimize its business for sustainable growth.
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