Companies

NineStar Connect to Acquire Gem Water Utility, Expand Fiber Service

NineStar Connect, a smart utility providing water, sewer, electric and high speed fiber services, has entered into an agreement with the town of Cumberland to acquire Gem Water Utility, which the town has owned since 2010. Gem Water serves approximately 500 water customers in a territory that lies b..

NW Natural to Acquire Two Water Utilities in Washington State

NW Natural Water, a subsidiary of NW Natural, has entered into agreements to acquire Lehman Enterprises and Sea View Water. The assets and operations of Lehman and Sea View, which are both based out of Whidbey Island near Seattle, Wash., will be combined under a newly-formed subsidiary of NW Natura..

Pennsylvania American Water to Acquire Sadsbury Township’s Wastewater System

Pennsylvania American Water, a subsidiary of American Water has signed an agreement to acquire the wastewater assets of Sadsbury Township in Chester County. The total value of the transaction is approximately $9.25 million. The Sadsbury wastewater system serves approximately 1,000 customers. “Our c..

Global Water Resources to Acquire Turner Ranches Water and Sanitation Company

Global Water Resources, Inc. has signed a definitive agreement to acquire Turner Ranches Water and Sanitation Company, a non-potable irrigation water utility in Mesa, Ariz. Through the acquisition, Global Water Resources will add 960 residential irrigation customers and approximately seven square m..

SPX to Acquire CUES

SPX Corporation has entered into a definitive agreement to purchase CUES, Inc., a leading manufacturer of pipeline inspection and rehabilitation equipment headquartered in Orlando, Fla. Under the terms of the agreement, a subsidiary of SPX will be merged with CUES’ parent company, ELXSI Corporation..

Washington Regulators Host Hearing on Avista, Hydro One Merger

SPOKANE, Wash. (AP) — Customers of Avista Corp. told the state Utilities and Transportation Commission they’re happy with their local electric and natural gas utility and see little benefit from its sale to a Canadian corporation. About 80 people attended a public hearing in Spokane Monday on..

CenterPoint, Vectren to Merge

CenterPoint Energy, Inc. and Vectren Corporation have entered into a definitive merger agreement to form a leading energy delivery, infrastructure, and services company serving more than 7 million customers across the United States. Under the terms of the agreement, which has been unani..

Illinois American Water to Acquire Alton’s Regional Wastewater System

Illinois American Water, a subsidiary of American Water, has signed an asset purchase agreement to acquire Alton’s regional wastewater system. Today’s agreement follows Wednesday night’s vote (7-1) by the Alton City Council in favor of Illinois American Water purchasing the regional wastewater syste..

Illinois American Water Acquires City of Farmington Water System

Illinois American Water has acquired the City of Farmington’s water system, adding approximately 1,125 new customers to the company’s customer base in the Peoria District. The Farmington City Council voted in favor of the sale in March 2017 and the Illinois Commerce Commission (ICC) approved the sa..

Juniper Capital Management Acquires Sewer Rehabilitation Companies

Infrastructure Services Group (ISG), a new investment platform created by Juniper Capital Management, in partnership with ORIX Mezzanine & Private Equity and LionsWing Capital Partners LLC, has acquired Green Mountain Pipeline Services and Mr. Rehab Sewer Systems. Green Mountain and Mr. Sewer provid..

Illinois American Water Acquires Village of Fisher Water and Wastewater Systems

Illinois American Water today announced it has acquired the Village of Fisher’s water and wastewater systems. As part of the acquisition, Illinois American Water will invest $2.9 million in the first five years of ownership including security upgrades, meter replacements, wastewater plant improvemen..

Primoris Agrees to Acquire Willbros

Primoris Services Corporation today announced that it has entered into a definitive merger agreement to acquire Willbros Group, Inc. in an all-cash transaction. Primoris will pay $0.60 per share for all of the outstanding stock of Willbros and will settle all of the existing Willbros debt obligation..

Georgia Public Service Commission OK's Dominion Energy, SCANA Merger

The Georgia Public Service Commission has unanimously approved the merger of Dominion Energy, Inc. and SCANA Corporation, becoming the first state regulatory agency to act on the proposed merger. “We greatly appreciate the prompt action by Chairman McDonald and the other commissioners i..

Hydro One and Avista Reach Settlement in Principle in Washington Merger Case

Hydro One Limited and Avista Corporation  today announced they have filed a Notification of a settlement with the Washington Utilities and Transportation Commission (WUTC), with a settlement agreement between all parties involved to be filed no later than March 27, 2018. The settlement in principle..

SJW Group, Connecticut Water Service to Combine In All-Stock Transaction

SJW Group and Connecticut Water Service, Inc. today announced that both companies’ boards of directors have unanimously approved a definitive agreement to combine in an all-stock merger to create the third largest investor-owned water and wastewater utility in the United States, based on pro-forma e..

Ridgewood Infrastructure Sells Interests in Neptune Regional Transmission System

Ridgewood Infrastructure, LLC, a value-adding investor focused on water and other essential infrastructure in the U.S. lower middle market, today announced the sale of its managed interests in the Neptune Regional Transmission System. The Neptune Regional Transmission System is a 65-mile submar..

Sempra Energy Acquires Majority Stake In Oncor

Sempra Energy today completed its $9.45 billion acquisition of Energy Future Holdings Corp. (EFH), including EFH’s approximate 80-percent indirect ownership interest in Oncor Electric Delivery Company LLC (Oncor). The closing of the transaction creates a utility holding company with the largest ..

Focus Universal to Acquire Telecommunications Contractor

Focus Universal Inc., a Universal Smart Instrumentation Platform (USIP) developer and manufacturer, today announced that it has executed a Letter of Intent to acquire Aloha Island Cable, Inc DBA CableMasters. “This is a great opportunity to bring a high quality technology contractor wit..

Kentucky American Water Acquires Water Assets of Eastern Rockcastle Water Association

Kentucky American Water today announced that it has acquired the water assets of Eastern Rockcastle Water Association. The transaction, completed today, adds approximately 610 water customers in Rockcastle and Jackson counties to the Kentucky American Water system. The acquisition of the system expa..

Vortex Companies Acquires Stag Technologies

Vortex Companies today that it has acquired Utah based Stag Technologies, a high-performance coatings manufacturer catering the water, sewer and industrial infrastructure marketplace. “Stag’s management team of Scott Peterson, Matt Peterson and Brock Stone have built a reputation for developing hig..

Komatsu America to Acquire PBE Group

Komatsu America Corp., today announced, through its subsidiary F and M Equipment Ltd., it has entered into an agreement to purchase the assets of PBE Group, consisting of Pine Bush Equipment Co. Inc. and East PBE Inc., with the exception of the Kubota line of equipment and parts. The purchase agreem..

Kiely Family of Companies Acquires Barton Construction Corp.

In an effort to enhance its water resources division, the Kiely Family of Companies, which contracts with utilities, municipalities and private contractors and offers all facets of water resources work including transmission, distribution, treatment, storage, and design-build services, today announc..

General Cable Corporation Stockholders Approve Acquisition By Prysmian Group

General Cable Corporation’s stockholders today approved the company’s previously announced acquisition by Prysmian Group for $30.00 per share in cash. Subject to regulatory approvals and other customary closing conditions, the transaction is expected to close by the third quarter of 2018. ..

Florida Utility Wants to Buy South Carolina-Owned Utility

COLUMBIA, S.C. (AP) — A Florida power company is suggesting it might buy a South Carolina state-owned utility for nearly $16 billion. Media outlets reported that NextEra Energy is one of several groups interested in buying Santee Cooper after the state-owned utility and South Carolina Electric & Ga..

Vermeer and Mincon Announce Distribution Agreement

Two of the horizontal directional drilling (HDD) industry’s leading equipment and tooling manufacturers, Vermeer Corporation and Mincon Group PLC, have formed a distribution alliance to expand contractors’ access to quality rock tooling worldwide. As part of the agreement, Vermeer dealers are now th..

Granite Construction to Acquire Layne Christensen

Granite Construction Incorporated and Layne Christensen Company today announced they have entered into a definitive agreement whereby Granite will acquire all of the outstanding shares of Layne in a stock-for-stock transaction valued at $565 million, including the assumption of net debt. The transac..

Cleco Corporate Holdings to Acquire NRG South Central Generating

Cleco Corporate Holdings LLC (Cleco), owner of regulated electric utility Cleco Power LLC (Cleco Power), today announced that it will acquire NRG South Central Generating LLC (South Central), a subsidiary of NRG Energy, Inc., for $1 billion. Under the terms of the agreement, Cleco will ..

Xylem Acquires EmNet

Xylem Inc. today announced that it has acquired EmNet, LLC, a rapidly growing provider of smart solutions that enable municipalities to manage the urban water cycle and wastewater and stormwater systems. Financial terms were not disclosed. EmNet’s core technology and expertise in real time decision..

Atlantic Broadband to Acquire FiberLight's South Florida Fiber Network

Atlantic Broadband has signed a definitive agreement to purchase the entire South Florida fiber network from FiberLight, LLC, an industry leader in providing high-performance fiber-optic network solutions. Upon completion of the agreement, Atlantic Broadband will add approximately 350 route miles to..

Novacap to Acquire Horizon Telcom

Novacap TMT, one of Canada’s leading private equity firms, today announced it has entered into a definitive agreement to acquire Horizon Telcom, a premier provider of fiber-optic bandwidth infrastructure services operating primarily in Ohio. Under the terms of the agreement, Novacap will acquire the..