M&A Deal Summary |
|
|---|---|
| Date | 2023-05-25 |
| Target | Omega Pipeline |
| Sector | Utilities |
| Buyer(s) | Spire |
| Sellers(s) | CorEnergy |
| Deal Type | Divestiture |
| Deal Value | 175M USD |
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Spire a public utility holding company whose primary business is the delivery of natural gas to residential, commercial, and industrial customers. The company has three natural gas utilities: Laclede Gas, Missouri Gas Energy and Alabama Gas Corporation. Spire was founded in 1857 and is based in St. Louis, Missouri.
| DEAL STATS | # |
|---|---|
| Overall | 5 of 5 |
| Sector (Utilities) | 4 of 4 |
| Type (Divestiture) | 5 of 5 |
| State (Missouri) | 3 of 3 |
| Country (United States) | 5 of 5 |
| Year (2023) | 2 of 2 |
| Size (of disclosed) | 4 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-05-25 |
MoGas
Wentzville, Missouri, United States MoGas consists of approximately 263 miles of interstate natural gas pipelines, primarily in Missouri, and interconnects with Spire STL Pipeline to deliver gas to Spire Missouri's growing customer base in St. Charles, Franklin and western St. Louis counties, among other utility, municipal, industrial and commercial customers. Spire MoGas Pipeline also interconnects with three other interstate pipelines and is regulated by the Federal Energy Regulatory Commission. MoGas is based in Wentzville, Missouri. |
Buy | - |
| Category | Company |
|---|---|
| Sector | Real Estate |
| Employees | 155 |
| Revenue | 128M USD (2021) |
CorEnergy is a REIT focused on energy infrastructure primarily owns midstream and downstream assets that perform utility-like functions, such as pipelines, storage terminals, and transmission and distribution assets. CorEnergy is based in Kansas City, Missouri.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 2 |
| Sector (Utilities) | 2 of 2 |
| Type (Divestiture) | 2 of 2 |
| State (Missouri) | 2 of 2 |
| Country (United States) | 2 of 2 |
| Year (2023) | 2 of 2 |
| Size (of disclosed) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-05-25 |
MoGas
Wentzville, Missouri, United States MoGas consists of approximately 263 miles of interstate natural gas pipelines, primarily in Missouri, and interconnects with Spire STL Pipeline to deliver gas to Spire Missouri's growing customer base in St. Charles, Franklin and western St. Louis counties, among other utility, municipal, industrial and commercial customers. Spire MoGas Pipeline also interconnects with three other interstate pipelines and is regulated by the Federal Energy Regulatory Commission. MoGas is based in Wentzville, Missouri. |
Sell | - |
