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On November 19, 2025, Centuri Holdings, Inc. has completed its acquisition of Connect Atlantic Utility Services Corporation, establishing itself as a dual electric and gas services provider in Canada. The acquisition expands Centuri's geographic footprint across Atlantic Canada, with CAUS operating primarily in Nova Scotia, New Brunswick, and Newfoundland and Labrador. CAUS, which operates through a largely union workforce, provides maintenance, construction, and storm services to electric utility and developer customers. The acquisition supports Centuri's growth strategy by capitalizing on significant Canadian market opportunities, including investments in grid modernization, system resiliency, and clean energy integration.
Bennett Jones LLP served as outside legal counsel for the transaction, with Seale & Associates acting as exclusive financial advisor to Centuri. The transaction positions the combined entity to serve customers across new geographies and expand service offerings within Canada's evolving energy infrastructure sector.
Transaction value was not disclosed.
Parties
Company
Centuri Holdings, Inc.
Company
Connect Atlantic Utility Services Corporation
Deal Type
Merger & AcquisitionIndustry
InfrastructureTransaction
$ 80,000,000Deal Status
ClosedClosing Date
19 November 2025