Pilot Wave Holdings Sells Connect Atlantic Utility Services to Centuri Holdings, Driving Innovation Through Acquisition
Pilot Wave Holdings Sells Connect Atlantic Utility Services
On November 20, 2025, Pilot Wave Holdings Management, LLC announced the strategic sale of its subsidiary, Connect Atlantic Utility Services (CAUS), to Centuri Holdings, Inc. This acquisition is set to enhance utility-infrastructure services across North America, particularly within Atlantic Canada.
Connect Atlantic, recognized as a premier utility-service provider, has played a crucial role in electric transmission, distribution, and storm-restoration markets throughout Nova Scotia, New Brunswick, and Newfoundland and Labrador. The partnership initiated with Pilot Wave aimed to bolster business operations and accelerate growth, positioning CAUS for long-term success. Under Pilot Wave’s stewardship, significant operational improvements and strategic expansions were achieved, setting the stage for this pivotal sale.
A highlight of this collaboration was the development of an innovative, next-generation utility-inspection platform, which led to the spin-off of Detect Technologies. This AI-powered startup emerged from Connect Atlantic, equipped with technology designed to assist utility companies in identifying potential equipment malfunctions before they escalate into critical failures or accidents. The proactive nature of Detect Technologies epitomizes modern risk mitigation, enabling quicker response times, minimizing operational risks, and significantly reducing maintenance costs.
Afsheen Afshar, the founder of Pilot Wave, expressed pride in the advancements facilitated during this partnership. “We are thrilled about the progress Connect Atlantic has made and are grateful for our collaboration with its management team,” Afshar stated. “We strengthened operations, expanded capabilities, and built a platform that is now poised for rapid growth under Centuri’s guidance.”
John MacKinnon, President of Connect Atlantic, echoed these sentiments, highlighting that the partnership with Pilot Wave was instrumental in preparing CAUS for a prosperous future. Joining Centuri Holdings will allow the Connect Atlantic team to leverage additional resources and opportunities to enhance service delivery to their utility partners. This transition not only expands their operational capacity but also enhances their regional reach across Canada.
Centuri, a key player in the North American utility services market, plans to fully integrate Connect Atlantic into its Canadian operations, further validating its investment approach that emphasizes deep operational engagement alongside strategic technology innovation. This merger illustrates a significant market shift whereby traditional service providers are increasingly merging with technology innovators to enhance service efficiencies within the energy sector.
The sale of Connect Atlantic to Centuri signifies a remarkable milestone for Pilot Wave, showcasing not only their commitment to operational excellence but also their foresight in embracing technology-driven solutions. This acquisition signifies a new phase for both companies, and the growth potential stemming from this synergy is promising for the future of utility infrastructure management.
As the industry continues to evolve with technological advancements, companies like Pilot Wave and Centuri Holdings are leading the charge by merging traditional utilities with innovative tech solutions, ensuring a resilient infrastructure that meets the ever-increasing demands of energy management in the 21st century.
In conclusion, the sale of Connect Atlantic Utility Services marks a significant development in the utility services landscape. It serves as an exemplar of how strategic acquisitions can catalyze innovation, foster growth, and create new opportunities for improvement within critical service sectors. As more companies recognize the value of integrating technology with traditional operations, the future of utility management appears bright, driven by efficiency, safety, and enhanced service delivery.