India, May 5 -- SiEnergy Operating, a subsidiary of Northwest Natural Holding Company (NWN), and EPCOR USA Inc. on Monday announced a deal for SiEnergy to acquire EPCOR's Texas natural gas utility, Hughes Gas Resources, Inc., or EPCOR Texas Gas, for $60 million.
The transaction is expected to be closed in the second quarter of 2025.
Justin Palfreyman, CEO of NW Natural, said: "With a similar business model as SiEnergy, Hughes has grown organically by providing infrastructure to residential and commercial developments in high-growth areas surrounding Houston. EPCOR Texas Gas is a great fit for us as we continue to expand and diversify our overall utility portfolio in Texas."
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