M&A Deal Summary

Spire Acquires Sempra U.S. Gas & Power - Mobile Gas and Willmut Gas

On September 12, 2016, Spire acquired energy services and equipment company Sempra U.S. Gas & Power - Mobile Gas and Willmut Gas from Sempra U.S. Gas & Power for 344M USD

Acquisition Highlights
  • This is Spire’s 1st transaction in the Energy Services and Equipment sector.
  • This is Spire’s 3rd largest (disclosed) transaction.
  • This is Spire’s 3rd transaction in the United States.
  • This is Spire’s 1st transaction in California.

M&A Deal Summary
Date 2016-09-12
Target Sempra U.S. Gas & Power - Mobile Gas and Willmut Gas
Sector Energy Services and Equipment
Buyer(s) Spire
Sellers(s) Sempra U.S. Gas & Power
Deal Type Divestiture
Deal Value 344M USD

Target

Sempra U.S. Gas & Power - Mobile Gas and Willmut Gas

San Diego, California, United States
Sempra U.S. Gas & Power LLC - Mobile Gas and Willmut Gas is a provider of energy services.

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Buyer(S) 1

Buyer

Spire

St. Louis, Missouri, United States

website

Category Company
Founded 1857
Sector Utilities
Employees3,583
Revenue 43M USD (2021)
DESCRIPTION

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 3 of 5
Sector (Energy Services and Equipment) 1 of 1
Type (Divestiture) 3 of 5
State (California) 1 of 1
Country (United States) 3 of 5
Year (2016) 1 of 1
Size (of disclosed) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-02 Alabama Gas

Birmingham, Alabama, United States

Alabama Gas Corp., is a natural gas distributor. Alagasco delivers clean-burning, energy-efficient natural gas to industries, commercial businesses and residential homes.

Buy $1.4B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-25 Omega Pipeline

Fort Leonard Wood, Missouri, United States

Omega Pipeline is a connected gas distribution system. Omega Pipeline was formed in 1992 and is based in Fort Leonard Wood, Missouri.

Buy $175M

Seller(S) 1

SELLER

Sempra U.S. Gas & Power

San Diego, California, United States

website

Category Company
Sector Energy Services and Equipment
DESCRIPTION

Sempra U.S. Gas & Power LLC is a designer and developer of large-scale renewable energy and natural gas infrastructure projects.

DEAL STATS #
Overall 2 of 2
Sector (Energy Services and Equipment) 2 of 2
Type (Divestiture) 1 of 1
State (California) 1 of 1
Country (United States) 2 of 2
Year (2016) 2 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-22 Geronimo Energy - Apple Blossom Wind Project

Huron County, Michigan, United States

Geronimo Energy LLC - Apple Blossom Wind Project is a generator of clean, renewable power for approximately 38,000 Michigan homes.

Buy -
Mergr

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