08:15 AM EDT, 04/22/2026 (MT Newswires) -- Spire (SR) said Wednesday that it agreed to sell its Mississippi local gas distribution business to Delta Utilities, which is backed by Bernhard Capital Partners, for $75 million in cash.

The sale of Spire Mississippi is expected to close in Q1 2027, subject to regulatory approval, the company said.

Spire said proceeds from the transaction will be used to support infrastructure investments across its regulated gas utilities in Alabama, Missouri and Tennessee.