LAS
VEGAS, Sept. 22, 2023 /PRNewswire/ -- Southwest
Gas Holdings, Inc. (NYSE: SWX) today announced that, in connection
with the previously announced planned separation and spin-off of
its wholly owned subsidiary, Centuri Group, Inc., its utility
infrastructure services business, Centuri Holdings, Inc.
("Centuri") has confidentially submitted a draft registration
statement on Form S-1 with the U.S. Securities and Exchange
Commission (the "SEC") for Centuri's proposed initial public
offering of newly issued Centuri common stock. The number of shares
to be offered and the price range for the proposed offering have
not yet been determined. The initial public offering is subject to
market and other conditions and the completion of the SEC's review
process.
This press release is being made pursuant to, and in accordance
with, Rule 135 under the Securities Act of 1933, as amended (the
"Securities Act"), and shall not constitute an offer to sell, or
the solicitation of an offer to buy, any securities. Any offers,
solicitations or offers to buy, or any sales of securities will be
made in accordance with the registration requirements of the
Securities Act and other applicable securities laws.
About Southwest Gas Holdings, Inc.
Southwest Gas Holdings, Inc., through its subsidiaries, engages
in the business of purchasing, distributing and transporting
natural gas, and providing comprehensive utility infrastructure
services across North America.
Southwest Gas Corporation is a dynamic energy company committed to
exceeding the expectations of over 2 million customers throughout
Arizona, Nevada and California by providing safe and reliable
service while innovating sustainable energy solutions to fuel the
growth in its communities. Centuri Group, Inc. is a strategic
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.
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SOURCE Southwest Gas Holdings, Inc.
