India, April 15 -- Spire Inc. (SR), a natural gas utility holding company, on Wednesday announced that it has entered into an agreement to sell its natural gas storage assets to I Squared Capital for $650 million.
The deal is expected to close in the second half of fiscal 2026.
The transaction includes $600 million in cash at closing and a $50 million fixed deferred payment to be received in fiscal 2027.
The proceeds from the transaction are expected to partially fund Spire's previously completed acquisition of the Piedmont Natural Gas Tennessee business and complete its related financing plan.
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The assets being sold include storage facilities in Wyomin...