Pilot Wave Holdings Management, LLC Announces Sale of Connect Atlantic Utility Services to Centuri Holdings, Inc.
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 20 2025
0mins
Source: PRnewswire
Pilot Wave's Acquisition and Sale: Pilot Wave Holdings announced the sale of Connect Atlantic Utility Services to Centuri Holdings, following a successful partnership that enhanced operations and positioned the company for growth in utility services across North America.
Creation of Detect Technologies: The collaboration led to the spin-off of Detect Technologies, an AI-driven inspection platform designed to help utilities identify equipment defects, thereby improving safety and operational efficiency.
Commitment to Innovation: The transaction highlights Pilot Wave's strategy of combining operational excellence with technology innovation, demonstrating how traditional service businesses can evolve into tech-driven companies.
Future Integration with Centuri: Connect Atlantic will be integrated into Centuri's Canadian operations, providing additional resources and opportunities for growth while continuing to serve utility partners effectively.
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Analyst Views on CTRI
Wall Street analysts forecast CTRI stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for CTRI is 25.75 USD with a low forecast of 22.00 USD and a high forecast of 30.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
5 Analyst Rating
2 Buy
1 Hold
2 Sell
Hold
Current: 27.930
Low
22.00
Averages
25.75
High
30.00
Current: 27.930
Low
22.00
Averages
25.75
High
30.00
About CTRI
Centuri Holdings, Inc. is a utility infrastructure services company that partners with regulated utilities to build and maintain the energy network that powers millions of homes and businesses across the United States and Canada. The Company's segments include U.S. Gas Utility Services (U.S. Gas), Canadian Gas Utility Services (Canadian Gas), Union Electric Utility Services (Union Electric), and Non-Union Electric Utility Services (Non-Union Electric). The U.S. Gas and Canadian Gas segments provide comprehensive services, including maintenance, replacement, repair and installation for local natural gas distribution utilities (LDCs) focused on the modernization of customers’ infrastructure throughout the United States and Canada. The Union Electric segment provides a comprehensive set of electric utility services encompassing maintenance, replacement, repair, upgrade and expansion services for urban transmission and local distribution infrastructure within union markets.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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