Nw natural holdings to acquire rapidly growing gas utility

Portland, ore.--(business wire)--northwest natural holding company (nyse: nwn) (nw natural holdings) today announced it entered into an agreement to acquire sienergy operating, llc (sienergy or the company) from sienergy capital partners, llc (an affiliate of ridgewood infrastructure) for $273 million in cash and the assumption of $152 million of debt. upon closing the transaction, which is expected to occur in the first quarter of 2025, sienergy will become a wholly owned subsidiary of nw natu.
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