Ara Partners buys majority of Centric Gas Service

Ara Partners Group said Oct. 1 that it acquired a majority stake in Centric Gas Services LLC. Financial terms weren’t announced. The Barnwell Family, which founded Centric's underlying entities in 1993, will continue to own a minority. Centric Gas, of Magnolia, Texas, operates four local gas distribution companies and three gas transmission pipeline companies in that state.

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