The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.

We use cookies to improve your experience and serve personalized ads.

By clicking Accept, you consent to our use of advertising cookies. See our Privacy Policy for details.

Mergers & AcquisitionsMedium•1 May 2026•

1 min read

Spire Completes $215 Million Sale of Gas Marketing Unit to Boardwalk Pipelines

Key Facts

1Spire has completed the sale of its gas marketing unit, Spire Marketing Inc., to Boardwalk Pipelines for $215 million.

2Spire will use the divestiture proceeds to partially fund its acquisition of Piedmont Natural Gas Tennessee.

Spire has finalized the divestiture of its gas marketing subsidiary, Spire Marketing Inc., to Boardwalk Pipelines for a total consideration of $215 million. This strategic move allows the company to sharpen its focus on its core regulated natural gas utility operations. The proceeds from the sale are earmarked to partially fund Spire's previously announced acquisition of Piedmont Natural Gas Tennessee. By exiting the marketing business, Spire is pivoting toward a more stable business model while securing liquidity for strategic expansion. This transaction is expected to strengthen the company's balance sheet and support its long-term growth objectives within the utility sector. The completion of this sale marks a significant milestone in Spire's ongoing portfolio optimization strategy.