Southwest Gas Holdings Inc. has completed a significant financial transaction with the closing of a private placement involving the sale of 1,060,240 shares of its holdings in Centuri Holdings, Inc. The shares were sold to Icahn Partners LP and Icahn Partners Master Fund LP, entities affiliated with Carl C. Icahn, at a price of $20.75 per share. This transaction, which was conducted under a Common Stock Purchase Agreement dated June 13, 2025, generated net proceeds of approximately $22 million for Southwest Gas Holdings. It is important to note that Centuri Holdings did not receive any proceeds from this private placement. Following the sale, Southwest Gas Holdings retains ownership of 46,185,710 shares, representing about 52.1% of Centuri's total outstanding common stock.
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