Southwest Gas announced its intent to pursue an initial public offering of newly issued shares of Centuri Holdings in the spring/summer 2024. The Southwest Gas board of directors has determined that an IPO is the optimal path to advance the separation of Centuri Group as an independent utility infrastructure services company to maximize value for Southwest Gas shareholders. “We plan to move forward with an IPO of Centuri once we have onboarded a new CEO of Centuri to lead the business into its next chapter as an independent publicly-traded company. We are highly encouraged by the receptivity for the separation of Centuri as we seek to unlock value for Southwest Gas shareholders, and we look forward to Centuri’s planned debut as a separate public company,” said Karen Haller, President and CEO of Southwest Gas. Current Centuri CEO Paul Daily previously announced his plan to retire in 2024 after his successor has been identified and onboarded.
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