Boardwalk Pipeline Partners to Acquire Spire Marketing Business from Spire 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.

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.

RPC, Inc. Acquires Spinnaker Oilwell Services, LLC

June 30, 2023

Oil & Gas

RPC, Inc. (NYSE: RES) acquired Spinnaker Oilwell Services, LLC, a provider of oilfield cementing services headquartered in Oklahoma City, effective July 1, 2023, for $79.5 million in total consideration. The purchase expands RPC's cementing capabilities and geographic footprint into the Permian and Mid-Continent basins, where Spinnaker operates two facilities and 18 full-service cementing spreads.

Enterprise Products Partners Acquires Piñon Midstream

August 21, 2024

Infrastructure

Enterprise Products Partners L.P. (through an affiliate) entered into a definitive agreement to acquire Piñon Midstream, LLC from Black Bay Energy Capital for $950 million in a debt-free cash transaction. Enterprise later announced the acquisition was completed. Piñon Midstream provides natural gas gathering and treating services in the Delaware Basin’s eastern flank in New Mexico and Texas, including sour gas treatment and CO2 permanent sequestration-related infrastructure.

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.