Centuri Holdings, Inc. (NYSE: CTRI) (“Centuri” or the “Company”), a leading, North American utility and energy infrastructure services company, recently announced it has completed the acquisition of J.J. White, Inc., a premier provider of mechanical and electrical construction services across power generation, data centers, and industrial end markets. J.J. White will become part of Centuri’s Riggs Distler operation, expanding core union electric capabilities across the Northeast and Mid-West.
Founded in 1920 and headquartered in Philadelphia, Pennsylvania, J.J. White has nearly 1,000 employees, including more than 950 union field employees and an experienced team of frontline supervisors. The company provides in plant, mechanical, electrical, and HVAC construction services, supporting capital projects, ongoing maintenance, outage and turnaround work for its customers.
“This acquisition directly aligns with our Vision One Centuri strategy by accelerating our ability to meet growing customer demand for comprehensive, integrated solutions to complex mechanical, electrical, and industrial construction projects, including expanding our capability and scale within the attractive and growing data center market,” said Centuri President and CEO Christian Brown. “Adding J.J. White’s technical acumen, commercial reach, and skilled, highly qualified workforce, allows us to further expand our presence in attractive industrial end markets and ultimately deliver more value for our stakeholders.”
“Joining a company that shares our commitment to safety, innovation, and operational excellence is a win-win for our customers and our employees,” said J.J. White President James Daley. “Together we can provide the specialized expertise required to deliver essential enabling infrastructure to meet current and future energy demand and power innovation.”
J.J. White serves a broad range of industrial and commercial customers with USD 315 million in current contracted backlog as well as an identified USD 2.8B+ in pipeline opportunities, including several datacenter projects. Centuri anticipates annual gross profit contribution of more than USD 20 million as a result of the acquisition, with gross profit margins consistent with Centuri’s business, and reiterates its ~2x year-end 2026 leverage target.
Seale & Associates acted as exclusive financial advisor to Centuri on the acquisition transaction, and Foley & Lardner LLP provided outside legal counsel.
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