Centuri Holdings, Inc. completed the acquisition of Connect Atlantic Utility Services Corporation (CAUS) on November 19, 2025, adding a leading electric‑utility services provider to its Canadian portfolio. The deal positions Centuri as a dual electric and gas services company in Canada, broadening its geographic footprint and enhancing its ability to serve utility customers across Atlantic Canada.
The financial terms of the transaction were not disclosed in the announcement, but the strategic rationale is clear: CAUS brings a 75‑year legacy of energized transmission, distribution maintenance, storm restoration, and inspection services to Centuri’s existing natural‑gas distribution operations. The integration is expected to create operational synergies, cross‑sell opportunities, and a stronger competitive stance in a market poised for significant grid‑modernization investment.
CAUS will be fully integrated into Centuri’s Canadian operations, with its management team retained to preserve institutional knowledge and client relationships. The company plans to leverage CAUS’s established customer base and service capabilities to accelerate the deployment of electric‑utility services in Nova Scotia, New Brunswick, and Newfoundland and Labrador, while maintaining CAUS’s brand identity for existing contracts.
The acquisition is expected to strengthen Centuri’s service mix and improve margin profiles. By combining CAUS’s high‑margin electric‑utility services with Centuri’s gas‑utility infrastructure, the company anticipates a more balanced revenue stream and enhanced pricing power in a region where utilities are investing heavily in clean‑energy integration and grid upgrades.
Centuri’s CEO Christian Brown emphasized that the transaction supports the company’s disciplined growth strategy, noting that the Canadian power market is experiencing rapid investment in modernization and clean‑energy goals. Brown highlighted the opportunity to deliver expanded service offerings and build lasting partnerships with customers, while also citing the potential for cost efficiencies through shared resources and technology platforms.
Neil Waugh, president of Centuri’s Canadian business, described CAUS as “a great complement” to the company’s existing natural‑gas distribution services, underscoring the strategic fit and the potential for cross‑sell initiatives. John MacKinnon, CAUS president, expressed enthusiasm about joining Centuri and highlighted the expected investment in Canada’s electricity grid modernization, which is projected to reach nearly $2 trillion by 2050.
The acquisition places Centuri in a stronger position against regional competitors by combining CAUS’s market leadership in Atlantic Canada with Centuri’s broader North‑American footprint. The move is expected to enhance Centuri’s competitive advantage in a market where utilities are seeking integrated solutions for both gas and electric infrastructure.
Overall, the deal aligns with Centuri’s long‑term growth objectives, providing a platform for expanded service offerings, improved operational efficiency, and a stronger presence in a high‑growth Canadian market. The acquisition is a key milestone in Centuri’s disciplined expansion strategy and is likely to generate incremental value for the company’s stakeholders.
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