Acquisition

Summit Utilities Acquires Arkansas Oklahoma Gas Corporation

AOG and Summit Utility Logos

Summit Utilities Acquires Arkansas Oklahoma Gas Corporation
AOG will retain its name going forward.




Fort Smith, AR – Summit Utilities, Inc. (SUI) today completed its acquisition of A. O. G. Corporation and its wholly-owned subsidiary Arkansas Oklahoma Gas Corporation (AOG), which serves nearly 60,000 natural gas utility customers in Arkansas and Oklahoma.


"Arkansas Oklahoma Gas Corporation has spent more than seven decades building a strong foundation in its service territories and earning a reputation for quality customer service. We look forward to building on AOG's tradition of providing safe, reliable and affordable natural gas for the people of Arkansas and Oklahoma," said Kurt Adams, President and Chief Executive Officer of SUI.


Prior to the acquisition, the parties received regulatory approvals from the Arkansas Public Service Commission and the Oklahoma Corporation Commission.


AOG will keep its name going forward and similar branding. In addition, most of AOG's senior management will continue with SUI. Kim Linam, AOG's President, will continue in a national role as Chief Administrative Officer. Bob Neissl, AOG's Senior Vice President of Operations, will also continue in a national role as Chief Operations Officer. Fred Kirkwood, AOG's Senior Vice President of Customer Development, Therese Reinhard, AOG's Vice President of Engineering, and Jeremy Schreckhise, AOG's Vice President of Information Technology, will continue with SUI in those same roles, but on a national level.


"Summit Utilities and AOG are a strong union. Combining forces brings not only added expertise to the team, but additional financial resources for ongoing growth and investments to protect the integrity and safety of our natural gas system," said Linam. "Together, there is a tremendous opportunity for AOG and SUI to grow and strengthen as a company while continuing our proud tradition of quality customer service."


AOG has been owned by the family of Witt Stephens, Sr. for 72 years.


"It has been an honor for our family to work with the management teams and employees of AOG for the past seven decades to serve Fort Smith and the surrounding area with safe, reliable natural gas service," said Witt Stephens, Jr. "Our customers have been loyal, dependable and cooperative and we are grateful for this relationship. We wish Summit the best and know that AOG will continue to thrive under their ownership just as it has for us."


Summit Utilities acquired 100 percent of the equity of A.O.G. Corporation.


Summit Utilities is a privately-held holding company that owns and operates natural gas distribution subsidiaries in Colorado, Missouri and Maine with the goal of providing natural gas service to previously underserved communities. With this acquisition, Summit Utilities doubled its customer base and expanded its footprint into Arkansas and Oklahoma.


Frequently Asked Questions
Q: How will this announcement impact AOG Customers?
A: AOG customers will see very few changes in the near term because of this acquisition. Over time, any changes that may impact customers will be communicated ahead of time.
Q: Have any of the AOG phone numbers changed?
A: No.

Q: Will AOG customer rates be impacted?
A: No. As part of the acquisition, customer rates will not be impacted.
Q: What will happen to AOG's community commitment?
A: AOG's community involvement will be unchanged because of this acquisition.
Q: Why is this combination positive for AOG customers?
A: By combining with Summit Utilities, AOG is joining a larger group of natural gas utilities. This brings not only added expertise to the team, but additional financial resources for ongoing growth and investments to protect the integrity and safety of AOG's natural gas system.
Q: Will there be any changes to AOG's energy efficiency programs?
A: There are no plans to change AOG's energy efficiency programs at this time.

Q: Who is Summit Utilities?
A: Summit is a Colorado-based holding company that owns natural gas systems in Colorado, Maine and Missouri.
Q: Will there be any changes to AOG's website?
A: The functionality of the website is not changing. You will notice some small graphical improvements, which we hope will make the user experience even better than before.

Q: Will Summit Utilities change AOG's name or logo?
A: No. AOG has spent decades as a strong part of the community. We do not plan on changing the company's name or logo.
Q: Why is the combined organization good for existing Summit customers?
A: Summit and AOG are two strong companies with two great missions. By acquiring AOG, Summit Utilities inherits decades of experience in the natural gas industry that will help Summit and its subsidiaries prosper and grow.

Q: Do customers need to change the way they pay their bill?
A: No. No changes are being made to the way customers currently pay their bill. If any changes are made in the future, we will communicate that change to customers.
Q: Who approved the acquisition?
A: In order to finalize the acquisition, Summit Utilities received regulatory approval from the Arkansas Public Service Commission and the Oklahoma Corporation Commission.

Q: Will AOG customers' online accounts still work?
A: Yes. Customer online accounts will still work.
Q: As a customer, is there anything I need to do?
A: No. You will continue to get the same great service you've come to expect from AOG.