About Piedmont Natural Gas
Piedmont Natural Gas is a company based in Goldsboro (United States) founded in 1951 was acquired by Spire in July 2025.. Piedmont Natural Gas offers products and services including Natural Gas Supply and Home Protection Plans.
- Headquarter Goldsboro, United States
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Sectors
Energy & Utilities
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Piedmont Natural Gas
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$400 M (USD), Debt – Conventional
Jun 01, 2020
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Investors
Duke Energy
& 1 more
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Employee Count
Employee Count
- Acquired by
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Products & Services of Piedmont Natural Gas
Piedmont Natural Gas offers a comprehensive portfolio of products and services, including Natural Gas Supply and Home Protection Plans. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Natural gas is supplied for residential and commercial use to support daily energy needs.
Plans are provided to offer protection from utility-related issues for customers.
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Funding Insights of Piedmont Natural Gas
- Total Funding Total Funding
- Total Rounds 1
- Last Round Debt – Conventional — $400.0M
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First Round
First Round
(01 Jun 2020)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2020 | Amount | Debt – Conventional - Piedmont Natural Gas | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Piedmont Natural Gas
Piedmont Natural Gas has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Duke Energy and Spire Energy. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Renewable electricity is produced and distributed across multiple states.
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Founded Year | Domain | Location | |
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Spire Energy is engaged in natural gas distribution services.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Piedmont Natural Gas
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Piedmont Natural Gas
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Piedmont Natural Gas Comparisons
Competitors of Piedmont Natural Gas
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Piedmont Natural Gas
When was Piedmont Natural Gas founded?
Piedmont Natural Gas was founded in 1951 and raised its 1st funding round 69 years after it was founded.
Where is Piedmont Natural Gas located?
Piedmont Natural Gas is headquartered in Goldsboro, United States. It is registered at Goldsboro, North Carolina, United States.
Who is the current CEO of Piedmont Natural Gas?
Lynn Good is the current CEO of Piedmont Natural Gas.
What does Piedmont Natural Gas do?
Provider of natural gas services for residential and business customers. It offers services including billing and payment processing, starting, stopping, and moving services, energy-saving resources, and various products and services related to natural gas appliances and equipment. The company also provides installation and repair services, and facilitates connections with contractors when needed. Additionally, it offers customer assistance programs and resources focused on safety and energy efficiency. A focus on customer service is emphasized through newsletters, community support initiatives, and fraud prevention resources.
What products or services does Piedmont Natural Gas offer?
Piedmont Natural Gas offers Natural Gas Supply and Home Protection Plans.
Who are Piedmont Natural Gas's investors?
Piedmont Natural Gas has 2 investors. Key investors include Duke Energy, and Spire Energy.