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Boardwalk Completes Acquisition Of Retail Energy Supplier
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Boardwalk Pipelines, LP, today announced the completion of its previously reported acquisition of Spire Marketing Inc., a natural gas marketing business formerly owned by Spire Inc., for $215 million in cash
The acquired gas marketing business will now operate under the name Boardwalk Continuum Marketing, LLC, "reflecting its expanded role within Boardwalk's integrated natural gas platform."
In addition to serving producers, midstream operators, pipelines, storage operators, and load-serving entities, Boardwalk Continuum Marketing notably serves large industrials and "selected retail accounts"
Boardwalk Continuum Marketing f/k/a Spire Marketing markets natural gas and related services across the United States, including serving end-use customers and, in some jurisdictions, engaging in sales as a retail supplier
Spire Marketing was among the winning retail suppliers in Ohio Standard Choice Offer auctions (including in 2026), which include residential customers in addition to small commercial customers
"The acquisition is expected to expand Boardwalk's overall footprint and broaden its reach into growing end-use markets, including LNG exports and gas-fired power generation. Combined with Boardwalk's pipeline and storage assets, this new platform is designed to create new opportunities for bundled supply, transportation and storage solutions to advance long-term growth," Boardwalk said
Pat Strange, who served as president of Spire Marketing, will continue to lead the organization as president of Boardwalk Continuum Marketing.
Employees and clients of Spire Marketing will transition to Boardwalk Continuum Marketing, LLC.
"The Boardwalk Continuum name symbolizes the continuous flow that characterizes an integrated natural gas platform: supply, demand, transportation, storage and marketing. It also reflects the ongoing partnership between the team and customers that Spire Marketing has built over time, whose work continues within Boardwalk with expanded reach across the value chain," Boardwalk said
"Our customers can expect continuity of service, a seamless transition, and the added benefits of being part of a highly integrated natural gas platform," said Strange
For fiscal 2025 and 2024, Spire Marketing volumes averaged 1.22 Bcf/day and 1.32 Bcf/day, respectively
With respect to natural gas, Boardwalk Pipelines' operations prior to the Spire Marketing acquisition were focused on natural gas transportation & storage, with the acquisition of Spire Marketing extending Boardwalk's operations into natural gas marketing
Scott Hallam, president and chief executive officer of Boardwalk Pipelines, stated earlier this year when the transaction was first announced that, "This is a step forward for Boardwalk as we continue to expand our participation across the natural gas value chain. By bringing on an experienced team with deep market expertise and established commercial capabilities, we seek to strengthen our asset optimization and more effectively serve our customers' increasingly complex energy needs".
Spire said that proceeds from the sale were used to partially fund Spire's acquisition of the Piedmont Natural Gas Tennessee business and for general corporate purposes.
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April 30, 2026
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Copyright 2026 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com
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