Boardwalk Pipeline Partners, LP to Acquire Spire Marketing Inc.

Spire Acquires Duke Energy’s Tennessee Piedmont Natural Gas Business for $2.48 Billion

July 29, 2025

Infrastructure

Spire agreed to acquire Piedmont Natural Gas’ Tennessee local distribution company business from Duke Energy for $2.48 billion. The deal includes nearly 3,800 miles of distribution and transmission pipelines and serves more than 200,000 customers primarily in the Greater Nashville area, with the transaction expected to close in the first quarter of 2026.

Kpler Acquires Spire Maritime from Spire Global

April 25, 2025

Data & Analytics

Kpler has completed the acquisition of Spire Maritime, the maritime data and ship-tracking business of Spire Global, in a transaction reported at approximately $241 million. The deal (a divestiture by Spire Global) strengthens Kpler’s maritime data and analytics capabilities; Kpler and regulators including the UK CMA have been engaged as the transaction completed.

Spire Capital Partners Completes Controlling Investment in PenLink

April 5, 2022

Cybersecurity

Spire Capital Partners completed a controlling platform investment in PenLink, a Lincoln, Nebraska-based provider of communications surveillance and investigative software for federal, state and local law enforcement. Spire will partner with PenLink's management to accelerate growth, expand product capabilities and further penetrate the U.S. government marketplace; Madison Capital Funding provided senior debt financing.

Phillips 66 Acquires Pinnacle Midstream from Energy Spectrum Capital

May 20, 2024

Energy

Phillips 66 has agreed to acquire Pinnacle Midland Parent LLC (Pinnacle Midstream II) from private equity firm Energy Spectrum Capital for $550 million to expand its natural gas gathering and processing footprint in the Midland Basin. The assets include the Dos Picos 220 MMcf/d processing plant, ~80 miles of gathering pipeline and 50,000 dedicated acres; the deal is expected to close mid‑2024 subject to customary conditions, including HSR clearance.

Bow River Capital to Acquire Spur Capital Partners

March 25, 2026

Financial Services

Bow River Capital, a Denver-based alternative asset manager, agreed to acquire venture capital firm Spur Capital Partners. The deal is expected to close in the second quarter of 2026 and is intended to expand Bow River’s evergreen fund offerings by creating an evergreen venture capital strategy.

Gryphon Investors Acquires Majority Stake in Spindrift Beverage Co.

January 14, 2025

Food & Beverage

Gryphon Investors will acquire a majority stake in Spindrift Beverage Co., a Newton, Massachusetts-based maker of sparkling water and other fruit-based beverages, with founder Bill Creelman and the management team retaining a significant equity stake. The investment coincides with the appointment of Dave Burwick as CEO and is intended to provide financial and operational resources to accelerate the brand's growth; the deal is expected to close in Q1 2025 (terms not disclosed).