M&A Deal Summary

Spire Acquires Omega Pipeline

On May 25, 2023, Spire acquired utilities company Omega Pipeline from CorEnergy for 175M USD

Acquisition Highlights
  • This is Spire’s 4th transaction in the Utilities sector.
  • This is Spire’s 4th largest (disclosed) transaction.
  • This is Spire’s 5th transaction in the United States.
  • This is Spire’s 3rd transaction in Missouri.

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

Target

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.

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Buyer(S) 1

Buyer

Spire

St. Louis, Missouri, United States
Category Company
Founded 1857
Sector Utilities
Employees3,589
Revenue 2.7B USD (2023)
DESCRIPTION

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.

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
PREVIOUS DEAL
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 -

Seller(S) 1

SELLER

CorEnergy

Kansas City, Missouri, United States
Category Company
Sector Real Estate
Employees155
Revenue 128M USD (2021)
DESCRIPTION

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
PREVIOUS DEAL
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 -
Mergr

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