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Centuri Construction Group

Company Summary

Description

Centuri Construction Group, Inc. is a comprehensive construction services enterprise dedicated to meeting the growing demands of North American utilities, energy and industrial markets. Centuri Construction Group is a subsidiary of Southwest Gas Holdings, Inc., a trusted provider of natural gas and construction services across North America.

Website

https://nextcenturi.com/our-story/

Related Entities

Recent news

  • 12/15/2022 - Southwest Gas Holdings... (subscriber access)
  • 11/28/2018 - Southwest Gas Holdings... (subscriber access)

Company Transactions

Date: 12/31/2018
Type: Acquisition

BUYERS:
  • Southwest Gas Holdings
  • Centuri Construction Group
    • SELLERS:
  • Linetec Services
    • DETAILS:

    COST: 336 $MM

    NOTES:
    Southwest Gas Holdings entered into a definitive agreement in which its subsidiary, Centuri Construction Group, will acquire Linetec Services. Centuri will acquire an 80% interest in Linetec for $299 million in cash and will contain the option to acquire the remaining 20% ownership interest in Linetec in increments during the next five years. The overall initial transaction cost is roughly $336 million and the transaction is expected to close by year-end 2018.
    REGIONS:
  • Gulf Coast
  • Middle Atlantic