Akin Gump Advises Spire Inc. in $344M Acquisition of Parent Company of Mobile Gas and Willmut Gas and Related Financings
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(New York) – Spire Inc. has completed its acquisition of EnergySouth, Inc., the parent company of Mobile Gas and Willmut Gas, from Sempra U.S. Gas & Power. The purchase consideration of $344 million included the assumption of $67 million of debt. Akin Gump advised Spire, formerly known as Laclede Group Inc., in the acquisition and the related financings, which included a bridge facility, a $138 million registered equity offering in May and a $165 million private placement of unsecured senior notes that closed on September 9. The acquisition was first announced in April.
The Akin Gump M&A deal team was led by corporate partners Jeffrey Kochian and Lucas Torres, and included corporate associates Erika Leon and Brittany Harrison; tax partner Lewis Kweit and senior counsel Chris Harvey; employee benefits partner Bruce Simonetti and counsel Nyron Persaud; labor and employment partner Lauren Leyden, senior attorney Kelly Brown and associate Jeff Wiener; and antitrust partner Paul Hewitt and senior attorney Stacy Kobrick.
The capital markets and finance deal teams were led by Mr. Torres and fellow corporate partner Mark Volow, and included energy regulatory partner Chip Cannon; corporate counsel Sean Gurgle; oil and gas counsel Alexandra Reuss; Mr. Harvey for tax work; and corporate associates Tiffanye Threadcraft, John Clayton and Andrés Zambrano.
Founded in 1945, Akin Gump Strauss Hauer & Feld LLP is a leading international law firm with more than 900 lawyers attorneys in offices throughout the United States, Europe, Asia and the Middle East.
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