Centuri Holdings (CTRI) has applied to initiate the public offering of its shares

The company introduces itself as follows: “Centuri is a leading North American company specializing in infrastructure services with over 110 years of history. We collaborate with regulated utility companies to maintain, enhance, and expand the energy infrastructure that powers countless homes and businesses. As a significant player in the utility infrastructure sector, we act as long-term strategic allies for electric, gas, and combined utility providers in North America, offering a wide range of infrastructure solutions that promote safe, reliable, and environmentally friendly operations of the energy grid. Our key activities include the maintenance, modernization, and installation of electric and natural gas distribution systems to update public utility infrastructure to meet current and anticipated needs, as well as the adaptation of systems for the transition to renewable energy. Additionally, we address other profitable and expanding markets such as renewable energy production and fifth-generation wireless telecommunications. With a workforce of over 12,500 individuals driven by our strong commitment to principles and to being enduring partners for our customers and communities, we empower our customers to deliver electricity and natural gas safely and efficiently and to achieve environmental sustainability goals.”

UBS, BofA Securities, and J.P. Morgan will serve as the lead underwriters for the offering.

source: prepared by Melisa Beğiç

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