Spire completes $215 million sale of gas marketing unit Spire Marketing to Boardwalk
Spire Inc. completed the sale of Spire Marketing Inc., its gas marketing subsidiary, to Boardwalk Pipelines, LP on April 30, 2026, for $215.0 million in cash, subject to customary post-closing adjustments. The company said the proceeds partly fund its acquisition of the Piedmont Natural Gas Tennessee business and general corporate purposes, and that the sale sharpens its focus on regulated natural gas utilities.
Key points
- Sale price: $215 million in cash, subject to customary post-closing adjustments
- Transaction completed and effective April 30, 2026, following the March 28, 2026 purchase agreement
- Spire Marketing employees and clients move to Boardwalk Continuum Marketing, LLC; Pat Strange continues as president
- Proceeds used to partially fund the Piedmont Natural Gas Tennessee business acquisition and for general corporate purposes
The filing
Written by AI on Nov 8, 2026, 1:05 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 30, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.