Southwest Gas Holdings, Inc. (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.