Ara Partners Makes Majority Investment in Centric Gas Services

October 1, 2018

Ara Partners acquired a majority stake in Centric Gas Services, a Magnolia, Texas-based local natural gas distribution platform that serves approximately 14,500 customers across Texas. The Barnwell family, founders of Centric, retain a substantial minority ownership while Ara Partners provides capital and strategic support to expand Centric’s infrastructure and service footprint.

Buyers
Ara Partners Group
Targets
Centric Gas Services, LLC
Sellers
Barnwell Family
Industry
Utilities
Location
Texas, United States
Transaction Type
Buyout

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