Centuri Holdings (CTRI) Expands Canadian Presence with Acquisition of Connect Atlantic Utility Services

CTRI +3.59%

Centuri Holdings Inc. (NYSE:CTRI) is one of the best new stocks to invest in. On November 19, Centuri Holdings announced that it had completed the acquisition of Connect Atlantic Utility Services Corporation/CAUS, Atlantic Canada’s leading electric utility services provider. The acquisition immediately establishes Centuri as a dual electric and gas services provider in Canada, complementing the gas distribution services already provided by its current Canadian subsidiary.

The company operates primarily in the Canadian Atlantic provinces, specifically Nova Scotia, New Brunswick, and Newfoundland and Labrador. The acquisition directly supports Centuri’s disciplined growth strategy by expanding its Canadian presence and market offerings, positioning the company as a key partner in supporting Canada’s evolving energy landscape.

This growth is driven by significant investment in electric grid modernization, system resiliency, and clean energy integration within the Canadian power market. Canada is expected to invest ~$2 trillion by 2050 to support its electricity-grid modernization and clean energy goals.

Centuri Holdings Inc. (NYSE:CTRI) operates as a utility infrastructure services company in North America. The company operates through 4 segments: US Gas Utility Services, Canadian Gas Utility Services, Union Electric Utility Services, and Non-Union Electric Utility Services.

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Disclosure: None. This article is originally published at Insider Monkey.