Core Insights - Pilot Wave Holdings Management announced the sale of Connect Atlantic Utility Services to Centuri Holdings, enhancing Centuri's capabilities in utility infrastructure services across North America [1][5] - The acquisition of Connect Atlantic was aimed at strengthening operations and positioning the business for long-term growth in electric transmission and distribution markets [2] - A significant outcome of this partnership was the spin-off of Detect Technologies, an AI-powered inspection platform that enhances utility operations by identifying equipment defects [3][4] Company Overview - Pilot Wave Holdings focuses on growing small businesses by integrating modern technology and operational excellence [6] - Connect Atlantic Utility Services is a leading provider of utility services in Atlantic Canada, specializing in transmission, distribution, and storm-restoration services [6] - Detect Technologies, spun out from Connect Atlantic, provides AI-driven inspection solutions to mitigate risks and improve operational efficiency for utilities [7] - Centuri Holdings is a North American utility-infrastructure services company that modernizes energy networks across the U.S. and Canada [8] Strategic Developments - The partnership between Pilot Wave and Connect Atlantic led to operational improvements and strategic expansions, positioning CAUS for accelerated growth under Centuri [5] - The creation of Detect Technologies exemplifies how traditional service businesses can innovate through technology, highlighting Pilot Wave's commitment to value creation [4][5]
Pilot Wave Holdings Management, LLC Announces Sale of Connect Atlantic Utility Services to Centuri Holdings, Inc.