Utilities Acquisitions in 2018
Showing 1 transactions.
-
October 1, 2018
- Buyer
- Ara Partners Group
- Target
- Centric Gas Services, LLC
- Seller
- Barnwell Family
- Industry
- Utilities
- Location
- Texas, United States
- Type
- Buyout
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.
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