Seale & Associates Advised Centuri (NYSE:CTRI) on the Acquisition of Connect Atlantic Utility Services Corporation
Seale & Associates, Inc. announced that it acted as exclusive financial advisor to Centuri Holdings, Inc. (NYSE:CTRI) (“Centuri”) on the acquisition of Connect Atlantic Utility Services Corporation (“CAUS”), Atlantic Canada’s leading electric utility services provider. The acquisition establishes Centuri as a dual electric and gas services provider in Canada, complementing the gas distribution services provided through its current Canadian subsidiary, while simultaneously expanding its geographic footprint.
Through a largely union workforce, CAUS provides maintenance, construction, and storm services to electric utility and developer customers in the Canadian Atlantic provinces. The company operates primarily in Nova Scotia, New Brunswick, and Newfoundland and Labrador.
“The Canadian power market is experiencing significant growth driven by investment in electric grid modernization, system resiliency, and clean energy integration,” said Centuri President and CEO Christian Brown. “This acquisition directly supports our disciplined growth strategy by expanding our Canadian presence and market offerings, enabling us to serve customers in new geographies and positioning Centuri as a key partner in supporting Canada’s evolving energy landscape. We are excited to welcome the talented CAUS team to Centuri and look forward to making an immediate impact in delivering expanded service offerings while building lasting partnerships with our customers. “We are proud to have advised Centuri on this acquisition, which supports its continued growth across North America,” said Robert Whitney, Managing Directorat Seale & Associates. “We appreciate the trust Centuri has placed in our team and the opportunity to support their ongoing expansion.”
About Connect Atlantic Utility Services Corporation CAUS
Headquartered in Nova Scotia and founded in 2001, CAUS has a 75-year operating legacy and more than 150 employees. CAUS specializes in energized transmission, distribution maintenance, storm restoration, inspection and advisory services. Learn more at https://www.causltd.com/.
About Centuri Group Centuri Holdings, Inc. is a strategic utility infrastructure services company that partners with regulated utilities to build and maintain the energy network that powers millions of homes and businesses across the United States and Canada. Learn more at https://centuri.com.
About Seale & Associates Seale & Associates is a global investment-banking firm with extensive experience in mergers and acquisitions, corporate-finance advisory, and enterprise-level strategy consulting. Our professionals are trusted advisors, maintaining a high level of quality and integrity while presenting innovative ideas and solutions to address our clients’ most complex transactions. For more information, please visit www.sealeassociates.com.
