Quarton International advises Linetec Services in its sale to Centuri Construction Group, a subsidiary of Southwest Gas Holdings

Tombstone Linetec 2018 Transaktion englisch
Overview

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.

Logo Linetec

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.

Logo Centuri

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

Photo Rob Parker

Robert S.
Parker

Managing Director and Head
Sell-Side Mergers & Acquisitions, Cowen

+1 248 9884 533
Email

Photo Eric VanDam

Eric J.
Van Dam

Managing Director
Mergers & Acquisitions, Cowen

+1 248 9884 523
Email

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