M&A Deal Summary |
|
|---|---|
| Date | 2025-07-29 |
| Target | Piedmont Natural Gas |
| Sector | Energy Services and Equipment |
| Buyer(s) | Spire |
| Sellers(s) | Duke Energy |
| Deal Type | Divestiture |
| Deal Value | 2.5B USD |
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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 | 6 of 6 |
| Sector: Energy Services and Equipment M&A | 2 of 2 |
| Type: Divestiture M&A Deals | 6 of 6 |
| State: North Carolina M&A | 1 of 1 |
| Country: United States M&A | 6 of 6 |
| Year: 2025 M&A | 1 of 1 |
| Size (of disclosed) | 1 of 5 |
| 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 |
| Category | Company |
|---|---|
| Founded | 1904 |
| Sector | Energy Services and Equipment |
| Employees | 27,859 |
| Revenue | 30.4B USD (2024) |
Duke Energy is an electric power holding company that regulates utility operations that serves approximately 4 million customers located in five states in the Southeast and Midwest, representing a population of approximately 11 million people. Its commercial power and international business segments own and operate diverse power generation assets in North America and Latin America, including a growing portfolio of renewable energy assets in the United States. Duke Energy was incorporated in 1904 and is based in Charlotte, North Carolina.
| DEAL STATS | # |
|---|---|
| Overall | 10 of 10 |
| Sector: Energy Services and Equipment M&A | 4 of 4 |
| Type: Divestiture M&A Deals | 7 of 7 |
| State: North Carolina M&A | 4 of 4 |
| Country: United States M&A | 8 of 8 |
| Year: 2025 M&A | 1 of 1 |
| Size (of disclosed) | 1 of 6 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-02-01 |
Viatec
Greenville, South Carolina, United States Viatec is a manufacturer of plug-and-play electronic power take-off systems that support the electrification of utility fleets. Viatec has developed, patented, and commercialized technology that is becoming recognized as the next industry standard in the vocational vehicle sector for auxiliary power. Viatec was founded in 2015 and is based in Greenville, South Carolina. |
Buy | - |
