Kirkland Advises I Squared on Agreement to Acquire Natural Gas Storage Assets from Spire for $650 Million
Kirkland & Ellis advised I Squared Capital, a leading global infrastructure investment manager, on its agreement to acquire Spire Inc.’s (NYSE: SR) natural gas storage assets in Wyoming and Oklahoma. Total consideration of the transaction is $650 million, consisting of $600 million in cash at closing and a $50 million fixed, non-contingent deferred payment to be received in Spire's fiscal 2027. I Squared intends to support the next phase of growth of the platform, including enhancing operational capabilities and pursuing expansion opportunities to serve increasing demand for natural gas storage across the Western and Mid-Continent regions.
Read the transaction press release
The Kirkland team included corporate lawyers Kyle Watson, Ngozi Nezianya, Jesse Lake, Brandon Goldberg and Josh Blustein; debt finance lawyers Lucas Spivey and Osaro Aifuwa; tax lawyers David Wheat and Rebecca Fine; technology and IP transactions lawyers Amber Harezlak, Melissa Moreno and Jackson Zebovitz; environmental transactions lawyer Jim Dolphin; and executive compensation lawyers Kelsie Harris and Andrea Rosato.
