M&A Deal Summary

Centuri Construction Group Acquires LineTec Services

On November 26, 2018, Centuri Construction Group acquired utilities company LineTec Services for 336M USD

Acquisition Highlights
  • This is Centuri Construction Group’s 1st transaction in the Utilities sector.
  • This is Centuri Construction Group’s 2nd largest (disclosed) transaction.
  • This is Centuri Construction Group’s 1st transaction in the United States.
  • This is Centuri Construction Group’s 1st transaction in Louisiana.

M&A Deal Summary
Date 2018-11-26
Target LineTec Services
Sector Utilities
Buyer(s) Centuri Construction Group
Deal Type Add-on Acquisition
Deal Value 336M USD

Target

LineTec Services

Alexandria, Louisiana, United States
LineTec Services LLC is a privately owned electrical distribution and transmission contractor that partners with utilities and cooperatives, providing electric service to hundreds of thousands of people throughout the Gulf Coast and Mid-Atlantic regions.

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Buyer(S) 1

Buyer

Centuri Construction Group

Phoenix, Arizona, United States
Category Company
Sector Construction
DESCRIPTION

Centuri Construction Group, Inc. 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.

DEAL STATS #
Overall 1 of 2
Sector (Utilities) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Louisiana) 1 of 1
Country (United States) 1 of 2
Year (2018) 1 of 1
Size (of disclosed) 2 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-29 Riggs Distler

Cherry Hill, New Jersey, United States

Riggs Distler is a provider of maintenance and construction services to the utility and heavy industrial markets. In the electric utility market, Riggs Distler performs both overhead and underground services including new construction, maintenance and upgrades, as well as emergency storm damage repair services. Riggs Distler was founded in 1909 and is based in Cherry Hill, New Jersey.

Buy $855M
Mergr

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Company

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