FORT SMITH, Ark. (AP) — The Arkansas Oklahoma Gas Corporation is being acquired by a privately-held holding company.
The Fort Smith company said Monday that it will be acquired by Summit Utilities, which owns and operates natural gas distribution subsidiaries in Colorado, Missouri and Maine.
AOG serves nearly 60,000 natural gas utility customers in Arkansas and Oklahoma and has been owned by the family of Witt Stephens, Sr. for 72 years.
Summit provides natural gas service to previously underserved communities and will double its customer base through the AOG acquisition.
The deal is expected to close in six to eight months.
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