Riggs Distler & Company, Inc. to Be Acquired by Centuri Group Inc., Marking a New Era of Opportunity for Riggs Distler and Strengthening Centuri’s Position as a Leading North American Utility Infrastructure Services Company
Posted on June 29, 2021 in News
June 29, 2021, Cherry Hill – Riggs Distler & Company, Inc. (“Riggs Distler”) has entered into a definitive agreement to be acquired by Centuri Group, Inc. (“Centuri”) a wholly-owned subsidiary of Southwest Gas Holdings, Inc. (NYSE: SWX). Upon completion of the acquisition, Riggs Distler will bring over a century of service in essential infrastructure markets to the Centuri enterprise and will serve as the Company’s union electric platform. This will allow the organizations to provide new service offerings to combination utility customers, initially throughout the Northeast, Mid-Atlantic, and Midwest regions in addition to Centuri’s existing geographic footprint that extends throughout the U.S. and in parts of Canada.
Stephen Zemaitatis Jr., President and Chief Executive Officer of Riggs Distler, said, “We are proud to join Centuri, a company that shares our century old core values of a commitment to safety, operational excellence and delivering high-quality, competitive and essential services to customers. United, we will benefit from greater financial strength, growth and diversification. We look forward to strengthening our customer relationships and creating meaningful opportunities for our employees as part of the Centuri family.”
For more information, view the Centuri press release here.
About Riggs Distler
Founded in 1909, Riggs Distler self-performs turnkey union construction solutions in the utility, telecom, and industrial markets in the Northeast and Mid-Atlantic regions.
About Centuri Group
Centuri is a comprehensive utility infrastructure services enterprise dedicated to delivering a diverse array of solutions to North America’s gas and electric providers. Through sound investment, shared services, and an unwavering commitment to the safety of our employees and the communities we serve, Centuri supports the performance of its operating companies across the U.S. and Canada.