Transaction
Quarton International is pleased to announce that Linetec Services has been acquired by Centuri Construction Group, a wholly-owned subsidiary of Southwest Gas Holdings (NYSE: SWX). Quarton International acted as the exclusive investment banking advisor to Linetec in this transaction.
Linetec provides outsourced electrical transmission and distribution maintenance, refurbishment, and installation services to the electric utility industry. With its robust safety culture, high quality service and reliability, Linetec has established a super-regional leadership position throughout the Gulf Coast, Mid-Atlantic, and Midwest regions of the United States.
Client
Linetec Services is a provider of electrical distribution and transmission services. The Company serves as a trusted partner to utilities and cooperatives, providing electric service to hundreds of thousands of people throughout the Gulf Coast, Mid-Atlantic and Midwest regions of the United States. The Company is headquartered in Alexandria, Louisiana, with additional offices in Corpus Christi, Texas and Russellville, Arkansas. More information: www.linetecservices.com.
Buyer
Centuri Construction Group is a comprehensive utility infrastructure services enterprise dedicated to meeting the growing demands of North American utility, energy and industrial markets. Centuri derives revenue from installation, replacement, repair and maintenance of energy distribution systems and developing industrial infrastructure solutions. More information: www.nextcenturi.com.
Southwest Gas Holdings (NYSE: SWX) is a holding company with business interests in two major segments – Natural Gas Operations and Construction Services. Southwest Gas Corporation serves over two million customers throughout Arizona, California and Nevada and Centuri Construction Group provides comprehensive construction services throughout the U.S. and Canada.More information: www.swgasholdings.com.
Contact
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