Spire completes acquisition of MoGas, Omega pipeline systems from CorEnergy

Spire Inc. (SR) announced it has completed its acquisition of MoGas Pipeline, an interstate natural gas pipeline, and Omega Pipeline, a connected gas distribution system, from CorEnergy (CORR). The acquisition was completed for $175M, subject to customary closing adjustments. The businesses will join Spire’s existing midstream infrastructure, including Spire Storage and Spire STL Pipeline. As a result of the acquisition, MoGas will operate under the new legal name Spire MoGas Pipeline LLC. “Spire MoGas and Omega are ideal fits with our existing businesses and will further enhance our ability to serve customers in Missouri,” said Steve Lindsey, Spire president and CEO.