Centuri Group to acquire Riggs Distler from NAPEC and Oaktree Capital for $855m.

Centuri Group, a wholly-owned subsidiary of Southwest Gas Holdings, agreed to acquire Riggs Distler, a provider of construction and maintenance services, from NAPEC, a company operating in the energy sector, and Oaktree Capital for $855m. "Our targeted acquisition strategy has prioritized expanding our unionized electric utility services, geographic reach and customer base, and this transaction meets all of our criteria. Riggs Distler is an exceptional company with a strong, seasoned leadership team and substantial growth trajectory. This is an excellent opportunity to expand our services, and importantly, to add a unionized electric utility services platform to our current utility infrastructure portfolio, materially advancing our goal to provide 360 degrees of service to our utility infrastructure customers," Paul Daily, Centuri Group President and CEO.