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 43M USD for 2021 and 1,855M USD for 2020.

How many employees does Spire have?

Spire has 3,583 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 St., 6th Floor,
St. Louis, Missouri 63101
United States,
(314) 342-0500
www.spireenergy.com

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.


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 LLP
 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

43   98% 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

3,583

Established

1857

Public

NYSE: SR

Former Name

The Laclede Group, Inc.

 Subscribe to unlock this and 201,688
investor and company profiles

Sign-up today to get full access

  • check  Unlimited Searches
  • check  Unlimited Profile Views
  • check  Build and Export Lists of
    • PE Backed Companies
    • Direct Investors & Acquirers
    • Advisors
    • Deals
    • & More
1 Week Free Trial Learn More

What's Mergr?

We built Mergr to save people the arduous and time-consuming process of tracking when companies are bought, sold, and who currently owns them.

Every day, new opportunities emerge around M&A and we help professionals of all types comb through transactions, investors, and corporate acquirers via an easy-to-use web database that is accessible to anyone.

Try us for 1 week free today!

Mergr, the Easiest-to-Use PE and M&A DB

Key Benefits

  • Stay informed on events in your industry
  • M&A research that takes seconds (not all afternoon)
  • Better understand your customers and prospects
  • Discover active buyers (or sellers)
Search
  • 4.5K Private Equity Firms
  • 193K M&A Transactions
  • 197K Companies Involved in M&A
    (Buyer, Seller, or Target)
  • 3.6K M&A Advisors
    (Investment Banks and Law Firms)
  • 75K M&A Contacts
    (PE and M&A Advisors)

Ready to try?

Join FREE for 1 Week

No obligation. Cancel anytime.

Related Lists for Spire

Missouri Companies , Utilities Companies , United States Companies , Missouri Utilities Companies , Missouri Utilities with Acquisitions

Related Lists for Missouri Companies

Largest Missouri Companies , Acquisitive Missouri Companies , Recently Acquired Missouri Companies , Recently Sold Missouri Companies , Private Missouri Companies , Public Missouri Companies , Acquired Missouri Companies , PE Backed Missouri Companies

Related Lists for Utilities Companies

Largest Utilities Companies , Acquisitive Utilities Companies , Recently Acquired Utilities Companies , Recently Sold Utilities Companies , Private Utilities Companies , Public Utilities Companies , Acquired Utilities Companies , PE Backed Utilities Companies

Related Lists for United States Companies

Largest United States Companies , Acquisitive United States Companies , Recently Acquired United States Companies , Recently Sold United States Companies , Private United States Companies , Public United States Companies , Acquired United States Companies , PE Backed United States Companies
Mergr

Product

Company

Legal