Spire Marketing Acquired by Boardwalk Pipelines | Energy M&A Deal

Boardwalk Pipelines has acquired Spire Marketing, a midstream business in Alabama, for $215 million. Spire Marketing supports energy marketing and commercial services tied to the natural gas value chain, strengthening Boardwalk Pipelines’ reach across Alabama. Boardwalk Pipelines acquisitions also aim to expand midstream acquisition capabilities by improving customer access and gas-related commercial execution. The strategic acquisition is structured as a merger acquisition and is part of broader energy M&A activity in AL acquisitions. The announced energy deals AL transaction totals $550 million in deal size figures and is expected to close under standard merger acquisition terms.