Spire - M&A Summary and Business Overview

UtilitiesCompany

Spire M&A Summary

Spire has acquired 5 companies, including 2 in the last 5 years. It has also divested 1 asset.

Spire’s largest acquisition to date was in 2014, when it acquired Alabama Gas for $1.4B. It’s largest disclosed sale occurred in 2013, when it sold New England Gas to Liberty Utilities for $74M. Spire has acquired in 3 different US states. The Company’s most targeted sectors include utilities (80%) and energy services and equipment (20%).

Spire Business Overview

Where is Spire headquartered?

Spire is headquartered in St. Louis, Missouri.

What is Spire’s revenue?

Spire disclosed revenue of 2,666M USD for 2023 and 2,199M USD for 2022.

How many employees does Spire have?

Spire has 3,589 employees.

What sector is Spire in?

Spire is an utilities company.

When was Spire founded?

Spire was founded in 1857.

M&A Summary

  • M&A Total Activity6
    • M&A Buy Activity5
    • M&A Sell Activity1
  • Total Sectors Invested 2
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 5
  • M&A Advisors 2

Spire

Spire, Inc.

700 Market Sreet, 4th Floor,
St. Louis, Missouri 63101
United States,
(314) 342-0500
www.spireenergy.com

Spire is a 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.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.4/yr) # 3 - - - 2 - 5
vol $2.7B $175M $2.8B
Sell (0.0/yr) # 1 - - - - - 1
vol $74M $74M
  6

Most Recent M&A

Company Date Value Type
Omega Pipeline Co LLC 2023-05-25 175M USD Divestiture
Fort Leonard Wood, Missouri · www.omegapipeline.com
Spire MoGas Pipeline LLC 2023-05-25 - Divestiture
Wentzville, Missouri · www.mogaspipe.com
Sempra U.S. Gas & Power LLC - Mobile Gas and Willmut Gas 2016-09-12 344M USD Divestiture
San Diego, California
Alabama Gas Corp. 2014-09-02 1.4B USD Divestiture
Birmingham, Alabama · www.alagasco.com
New England Gas Co. 2013-12-20 74M USD Divestiture
Fall River, Massachusetts
Missouri Gas Energy, Inc. 2013-09-03 975M USD Divestiture
Kansas City, Missouri · www.missourigasenergy.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Utilities 4 (80%) 2.5B (88%) 1 (100%) 74M (100%)
Energy Services and Equipment 1 (20%) 344M (12%) - -
Total 5 $2.8B 1 $74M

By Geo

State/Country Buy Value Sell Value
United States 5 2.8B 1 74M
  Missouri 3 1.2B - -
  California 1 344M - -
  Alabama 1 1.4B - -
  Massachusetts - - 1 74M
Total 5 $2.8B 1 $74M

Top M&A Advisors

Financial Deals
Moelis & Co.
 1
Legal Deals
Akin Gump Strauss Hauer & Feld
 2

Deal Values

buy # Total
> $1B 1 $1.4B
$100M to $1B 3 $1.5B
TOTAL $2.8B
Largest Alabama Gas Corp.
$1.4B (2014-09-02)
sell # Total
< $100M 1 $74M
TOTAL $74M
Largest New England Gas Co.
$74M (2013-12-20)

M&A Connections

Deals
Acquired from
Strategic(s)
100%
5 (100%)
Divested to
Strategic(s)
100%
1 (100%)

Company Summary

SECTOR

Utilities

Revenue

2,666   22% 2023
2,199   2% 2022
2,236   21% 2021
1,855   5% 2020
1,952   1% 2019
1,965   13% 2018
1,741   14% 2017
1,537   23% 2016
1,976   22% 2015
1,627   60% 2014
1,017   10% 2013
1,125   2012
(millions of USD) Show More Show Less

Employees

3,589

Established

1857

Public

NYSE: SR

Former Name

The Laclede Group, Inc.

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