05:34 PM EST, 01/27/2025 (MT Newswires) -- A UGI (UGI) unit's joint venture, Pine Run Gathering, said late Monday it has completed the acquisition of Superior Midstream Appalachian for $120 million, subject to customary adjustments.

Pine Run, in which UGI Energy Services has a 49% stake, said the transaction was entirely debt-funded and expected to be immediately accretive to earnings.

Superior Midstream Appalachian owns and operates three gathering systems in Pennsylvania, Pine Run said.