Southwest Gas Holdings, Inc. Closes Sale of Centuri Holdings, Inc. Stock to Icahn Partners

Strategic Insights -

Southwest Gas Holdings, Inc. has completed the previously announced sale of 1,060,240 shares of its holdings in Centuri Holdings, Inc. to Icahn Partners LP and Icahn Partners Master Fund LP, affiliated entities of Carl C. Icahn. The shares were sold at $20.75 each, resulting in net proceeds of approximately $22 million for Southwest Gas Holdings. The sale is considered a private placement, exempt from registration. As a result of the sale, Southwest Gas Holdings now owns 46,185,710 shares of Centuri Holdings, representing approximately 52.1% of the total outstanding shares.

Key Takeaways:

  • Southwest Gas Holdings, Inc. has completed the sale of 1,060,240 shares of Centuri Holdings, Inc. stock to Icahn Partners LP and Icahn Partners Master Fund LP.
  • The shares were sold at $20.75 each, resulting in net proceeds of approximately $22 million for Southwest Gas Holdings.
  • The sale is considered a private placement, exempt from registration with the Securities and Exchange Commission.
  • Southwest Gas Holdings now owns 46,185,710 shares of Centuri Holdings, representing approximately 52.1% of the total outstanding shares.
  • The sale was completed on July 8, 2025, as previously announced on June 18, 2025, in a Current Report on Form 8-K filed by Southwest Gas Holdings.
  • The proceeds from the sale were not received by Centuri Holdings, Inc.
  • Icahn Partners LP and Icahn Partners Master Fund LP are affiliated entities of Carl C. Icahn.

Statistics:

  • 1,060,240 shares of Centuri Holdings, Inc. stock were sold to Icahn Partners LP and Icahn Partners Master Fund LP.
  • The shares were sold at $20.75 each, resulting in a total sale price of $22,125,600.
  • Net proceeds to Southwest Gas Holdings, Inc. were approximately $22 million.
  • Southwest Gas Holdings, Inc. now owns 46,185,710 shares of Centuri Holdings, Inc., representing approximately 52.1% of the total outstanding shares.

Sources:

  • Southwest Gas Holdings, Inc. (EDGAR Online via COMTEX), July 8, 2025