Southwest Gas Holdings Announces That Centuri Has Confidentially Submitted Draft Registration Statement for Proposed Initial Public Offering

LAS VEGAS, Sept. 22, 2023 /PRNewswire/ -- Southwest Gas Holdings, Inc. (NYSE: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.