Tennessee Piedmont Natural Gas business Acquired by Spire | Energy M&A Deal

Spire has completed the acquisition of Tennessee Piedmont Natural Gas business, a utility services business in Alabama, for $2.48 billion. Spire acquisitions expand its natural gas distribution footprint by adding Tennessee Piedmont Natural Gas operations that serve customers across the region. The Tennessee Piedmont Natural Gas business acquisition supports Spire’s regulated utility services acquisition strategy and strengthens energy M&A positioning in AL acquisitions. The divestiture acquisition is a strategic acquisition by a strategic buyer, with deal value over $100M and completion marked as closed.