Southwest Gas’s Decision to Separate Centuri

On March 1, 2022, Southwest Gas Holdings, Inc. (“Southwest Gas”) announced that its Board of Directors has unanimously decided to separate its wholly‑owned subsidiary, Centuri Group, Inc. (“Centuri”), from Southwest Gas. The separation is expected to occur within the next 9 to 12 months. As a standalone, independent company, Centuri, an unregulated utility services platform diversified across the U.S. and Canada, will be an industry leader at the forefront of infrastructure modernization. The separation will transform Southwest Gas into a fully regulated natural gas business. Cravath is representing Southwest Gas in connection with the decision to separate Centuri.

The Cravath team is led by partners Faiza J. Saeed, George F. Schoen and Daniel J. Cerqueira and includes associate Cole DuMond on M&A matters. Chaya Kupperman also worked on M&A matters.