Boardwalk Pipelines has completed its acquisition of Spire Marketing, a gas marketing business formerly owned by Spire Inc., which will now operate under the name Boardwalk Continuum Marketing. The acquisition expands Boardwalk’s footprint into growing end-use markets, including LNG exports and gas-fired power generation, while adding marketing and trading capabilities to its existing network of interstate and intrastate pipelines and underground storage assets.
Boardwalk Continuum Marketing will focus on the purchase and delivery of natural gas to a broad range of customers, including producers, midstream operators, pipelines, storage operators, load-serving entities, large industrials, and selected retail accounts. The Boardwalk Continuum name reflects the continuous flow that characterizes an integrated natural gas platform, spanning supply, demand, transportation, storage, and marketing. Pat Strange, who served as president of Spire Marketing, will continue to lead the organization as president of Boardwalk Continuum Marketing.
Support: Barclays served as financial advisor, and Gable Gotwals served as legal counsel to Boardwalk.
KEY QUOTES:
“Our future will be defined not just by the assets we own, but by how effectively we deliver a broad array of solutions to customers across the value chain. Boardwalk Continuum Marketing strengthens our ability to offer differentiated, market-responsive services that help customers navigate an increasingly complex energy landscape.”
Scott Hallam, President and Chief Executive Officer, Boardwalk Pipelines
“Boardwalk’s vision recognizes the critical role of marketing and trading capabilities in today’s energy market. Our customers can expect continuity of service, a seamless transition, and the added benefits of being part of a highly integrated natural gas platform.”
Pat Strange, President, Boardwalk Continuum Marketing
