We are excited to announce that Centuri has signed an agreement to acquire Riggs Distler & Company, Inc., a provider of turnkey union construction solutions for utility, telecom, and industrial markets in the Northeast and Mid-Atlantic regions.
Founded in 1909 and based in Cherry Hill, New Jersey, Riggs Distler has built long-standing customer relationships with nearly all of the major investor-owned electric utilities in the Northeast and Mid-Atlantic U.S.
This is a transformational acquisition for Centuri. The addition of Riggs Distler provides Centuri a strong union electric platform that will allow us to provide new service offerings to combination utility customers, initially throughout the Northeast, Mid-Atlantic, and Midwest regions. In addition to solutions for utility providers, Riggs Distler brings exciting opportunities in 5G telecom and renewable power generation, further advancing our shared commitments to support clean energy delivery and reduce carbon emissions. And as a long-standing member of the communities in which it operates, Riggs Distler’s established community engagement programs align with our guiding principles and commitment to building better communities.
As with all prospective Centuri companies, performance excellence, a strong management team, and cultural fit were deciding factors for the Riggs Distler acquisition. Uncompromising commitments to safety, quality, and employees were a must. From due diligence and meetings between our leadership teams, it is clear Riggs Distler’s seasoned and energetic management team and the organization overall shares the same Think Ahead philosophy that makes them a great fit for the Centuri team.
The transaction is expected to close in Q3 2021, after which Riggs Distler will operate as a standalone subsidiary within the Centuri Power Group.
Any media or external inquiries about the announced acquisition should be directed to Media@NextCenturi.com.
Learn more about Riggs Distler at RiggsDistler.com.