Laclede Group
| Company type | Public |
|---|---|
| Industry | Natural gas distribution |
| Founded | 2016 |
| Headquarters | St. Louis, Missouri , United States |
Area served | Missouri, Alabama, Mississippi |
Key people | Suzanne Sitherwood (CEO) |
| Products | Regulated natural gas distribution, non-regulated business ventures |
| Website | spireenergy |
Spire Inc. operates as a regional public utility holding company with its headquarters situated in St. Louis, Missouri. The company focuses primarily on regulated natural gas distribution alongside certain non-regulated business ventures. Its main subsidiary, Laclede Gas Company, stands as Missouri’s largest natural gas provider, catering to approximately 631,000 residential, commercial, and industrial clients throughout St. Louis and ten counties in eastern Missouri. The corporate offices are housed within the 700 Market building located in downtown St. Louis.
Trading on the New York Stock Exchange commenced for Spire on April 29, 2016, under the ticker symbol SR. Prior to this, the company was known as the Laclede Group and traded under the symbol LG.
History
Laclede Gas Company was originally one of the twelve founding companies included in the Dow Jones Industrial Average, although it was removed from the index in 1899. On December 7, 2009, leadership from The Laclede Group celebrated its 120th year of trading by ringing the closing bell at the New York Stock Exchange. The company first appeared on the NYSE on November 14, 1889, ranking it as the eighth oldest stock listed on the exchange.
On February 1, 2012, Suzanne Sitherwood became Laclede’s first female CEO. She holds a Bachelor of Science degree in industrial engineering technology as well as an MBA.
The Laclede Group broadened its footprint in Missouri in 2013 through the acquisition of Missouri Gas Energy, previously owned by Southern Union Company. In 2014, it further expanded by purchasing Alabama Gas Corporation (Alagasco), which serves multiple areas within Alabama under the name Spire Alabama Inc.
Following shareholder approval on April 28, 2016, the company officially changed its name to Spire. Later that year, Spire acquired Energy South, Inc from Sempra Energy, adding Mobile Gas and Willmut Gas to its portfolio. Mobile Gas now operates as Spire Gulf Coast Inc. based in Mobile, Alabama, while Willmut Gas functions as Spire Mississippi Inc. located in Hattiesburg, Mississippi.
See also
- Laclede Gas Company – Subsidiary of the Laclede Group
- Laclede Gas Building
External links
- Articles with short description
- Energy companies of the United States
- Holding companies of the United States
- Natural gas companies of the United States
- Oil companies of the United States
- Companies based in St. Louis
- Energy infrastructure in Missouri
- Energy companies established in 2016
- Holding companies established in 2016
- Non-renewable resource companies established in 2016
- 2016 establishments in Missouri
- Companies listed on the New York Stock Exchange
- Companies based in Missouri
- 19th-century initial public offerings
- Companies in the S&P 400