Boardwalk Pipelines Completes $215 Million Spire Gas Marketing Deal

Boardwalk Pipelines has completed its $215 million acquisition of Spire’s gas marketing business, expanding its commercial footprint across North America.

(P&GJ) — Boardwalk Pipelines has completed its $215 million acquisition of Spire’s gas marketing business, finalizing a deal that expands its commercial operations across the North American natural gas market.

The transaction closed April 30 and includes the transfer of Spire Marketing’s employees and customer contracts into a newly formed unit, Boardwalk Continuum Marketing LLC.

The business focuses on purchasing and delivering natural gas to producers, midstream operators, pipelines, storage providers and large industrial customers.

Spire said the completed sale allows it to sharpen its focus on regulated utility operations, with proceeds supporting its acquisition of the Piedmont Natural Gas Tennessee business and other corporate needs.

Spire CEO Scott Doyle said the transaction aligns with the company’s strategy to streamline operations and improve long-term earnings visibility.

Boardwalk CEO Scott Hallam said the integration of the marketing business strengthens its ability to connect supply and demand across its pipeline and storage network.

Pat Strange will continue to lead the business under Boardwalk as president of the newly formed marketing unit.