Acquiring Company
Spire
Acquired Company
Piedmont Natural Gas
Description
Spire Inc. has finalized its acquisition of Piedmont Natural Gas business in Tennessee from Duke Energy for $2.48 billion. This move significantly expands Spire's utility operations in the region, integrating Piedmont's services and infrastructure. The acquisition is aimed at enhancing Spire's growth strategy and capital investment plan through 2030.
Quick answer
Spire is acquiring Piedmont Natural Gas, announced March 31, 2026. Spire is based in Vienna, Virginia, United States.
- How much did Spire pay for Piedmont Natural Gas?
- The deal value was not disclosed.
- What does Spire do?
- At Spire Inc. (NYSE: SR), we believe energy exists to help make people's lives better.
- Where are Spire and Piedmont Natural Gas based?
- Spire is based in Vienna, Virginia, United States. Piedmont Natural Gas is based in Nashville, Tennessee, United States.
- Who are the decision-makers at Spire?
- Fundz holds 4 contacts at Spire. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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- Duke Energy merges its two subsidiaries (May 5, 2026)
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Who to call at Spire, and when
When Spire changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day Spire raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Spire, from your own LinkedIn network
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Fundz sees it the moment Spire makes an acquisition, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Related People
Frequently asked
Who acquired Piedmont Natural Gas?
Piedmont Natural Gas was acquired by Spire, based in Vienna. The deal was reported on March 31, 2026. At Spire Inc. (NYSE: SR), we believe energy exists to help make people's lives better. It's a simple idea, but one that's at the heart of our company. Spire is publicly traded (SPIR) and operates in Information Technology.
When did Spire acquire Piedmont Natural Gas?
Spire's acquisition of Piedmont Natural Gas was reported on March 31, 2026. Spire Inc. has finalized its acquisition of Piedmont Natural Gas business in Tennessee from Duke Energy for $2.48 billion. This move significantly expands Spire's utility operations in the region, integrating Piedmont's services and infrastructure. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Piedmont Natural Gas do?
Piedmont Natural Gas is a wholly-owned subsidiary of Duke Energy and serves as the largest investor-owned natural gas utility in Tennessee. It is privately held, operating in Energy, and is based in Nashville.
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