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Spire Mergers & Acquisitions

Spire M&A Summary

Spire has acquired 6 companies, including 3 in the last 5 years. It has also divested 1 asset.

Spire’s largest acquisition to date was in 2025, when it acquired Piedmont Natural Gas Co. for $2.5B. It’s largest disclosed sale occurred in 2013, when it sold New England Gas Co. to Liberty Utilities Co. for $74M. Spire has acquired in 4 different US states. The Company’s most targeted sectors include utilities (67%) and energy services and equipment (34%).

M&A Summary

  • M&A Total Activity7
    • M&A Buy Activity6
    • M&A Sell Activity1
  • Total Sectors Invested 2
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 6

Spire

Spire, Inc.

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

All (7) Buy (6) Sell (1)
Date Target Value
$mlns 		Transaction Type Acquirer Seller SRC
Link
2025-07-29 Piedmont Natural Gas · Energy Services and Equipment
Charlotte, North Carolina · www.piedmontng.com

Piedmont Natural Gas is an energy services company primarily engaged in the distribution of natural gas to over one million residential, commercial, industrial, and power generation customers. Piedmont Natural Gas was founded in 1949 and is based in Charlotte, North Carolina.

2,480 Divestiture

Spire
Advisors: BMO Capital Markets , Bradley Arant Boult Cummings , Sidley

Duke Energy


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