Companies

Indiana American Water Acquires Georgetown Water System

Indiana American Water President Deborah Dewey today announced the company’s acquisition of Georgetown Water, a municipal water utility located in southern Indiana. The purchase of the system adds approximately 1,300 customers to the company’s customer base, which represents a population of approxim..

Vermont Council Reopens Bidding Process for Telecom Utility

BURLINGTON, Vt. (AP) — Burlington officials have formed a committee to determine how to vote on a buyer for the city’s Burlington Telecom utility following a failed joint venture proposal. The Burlington Free Press reports a final vote has been scheduled for Nov. 27. The finalists, Ting and Keep Bu..

City OKs Sale of Water System to California American Water

The Bellflower City Council has approved the sale of the city’s municipal water system to California American Water. “We have a strong legacy and presence in the Los Angeles region where we’ve been providing water service for over 50 years,” said Rich Svindland, California American Water President...

Utility Set to Meet with Officials About Buying Gas Company

FAIRBANKS, Alaska (AP) — A utility company’s representatives are scheduled to meet with state officials to work on the terms for buying a natural gas business that will bring service to more customers in the Fairbanks area. Interior Gas Utility Board Chairman Mike Meeks and recently appointed board..

Oncor, Sharyland Complete Asset Exchange

InfraREIT, Inc. today announced the closing of the asset exchange transaction between the company’s subsidiary, Sharyland Distribution & Transmission Services, L.L.C. and Oncor Electric Delivery Company LLC, in which Sharyland Distribution & transmission Services exchanged its retail distributio..

SJW Group to Purchase Deer Creek Ranch Water System Assets

SJW Group’s wholly-owned subsidiary, SJWTX, Inc., has entered into an agreement to purchase Deer Creek Ranch Water Co., LLC’s water system assets. The system includes approximately 750 service connections over an area of 1,191 acres in Hays and Travis counties on the rapidly growing western fringe o..

Vermont Town Proposes Joint Venture Purchase of Telecom Utility

BURLINGTON, Vt. (AP) — Burlington officials have directed the two buyers vying for the city’s Burlington Telecom utility to figure out a joint venture proposal. The Burlington Free Press reports Councilor Ali Dieng proposed the joint venture Monday night after the two votes to decide a final buyer ..

SUEZ Acquires Forest Park Water Group

SUEZ North America has completed the acquisition of the Forest Park Water Group, which serves approximately 4,000 people through 13 water systems in Putnam County and one system in Westchester County, New York. The water systems, which consist of 30 wells, serve mostly residential homes, condominium..

Consolidation of Rural Water Systems Prompts Industry Dialogue

CoBank’s Knowledge Exchange Division has released, When Rural Water Systems Combine, a report that examines key issues and considerations surrounding consolidation of rural water systems. “The pace of consolidations at agricultural cooperatives in rural America has picked up in recent years,” said ..

Southern Company to Sell Utilities in $1.7 Billion Deal

Pivotal Utility Holdings, Inc., a subsidiary of Southern Company Gas, has entered into agreements to sell the assets of its utility operating divisions, Elizabethtown Gas and Elton Gas, to South Jersey Industries in an all-cash transaction with an enterprise value of approximately $1.7 billion. ..

California American Water to Purchase Hillview Water Company

California American Water has entered into a Purchase Agreement to acquire the operating assets of Hillview Water Company and assume the provision of water service within the Hillview Water Company service area between Oakhurst and Raymond, Calif. Hillview Water Company, which consists of approxima..

Agency Plans Northwestern Arizona Water Purchase, Transfer

TUCSON, Ariz. (AP) — The operator of the Central Arizona Project aqueduct system is planning to buy water rights in rural northwestern Arizona to transfer the water for use in the Phoenix and Tucson areas. The agency’s governing board approved the purchase agreement on Thursday to buy seven farms c..

CountryWide Broadband To Acquire Full Channel

CountryWide Broadband today announced that, along with Seaport Capital of New York, the company has agreed to acquire Full Channel, a leading provider of broadband video entertainment, high-speed internet access, and telephone services to residents and businesses in Rhode Island’s East Bay, includin..

SUEZ Acquires GE's Water Business

General Electric today announced it completed the closing of the sale of GE Water & Process Technologies to SUEZ for $3.4 billion on September 30, 2017. “The sale of GE Water & Process Technologies is the next step in GE Power’s business strategy and portfolio transformation,” said GE Power Preside..

Swiss ABB to Buy Unit from General Electric for $2.6 Billion

GENEVA (AP) — Swiss robotics and industrial machinery maker ABB is buying the electrification services unit of U.S. conglomerate General Electric in a deal valued at $2.6 billion, boosting its presence in its crucial North American market. The deal between ABB, which provides high-tech equipment fo..

Vermeer Acquires Remaining Interests in McLaughlin

Vermeer Corporation today announced it has acquired the remaining interests of McLaughlin Group, Inc. The company originally acquired a minority interest in McLaughlin in 2012.  “Our initial investment in McLaughlin created the ideal opportunity to determine how the company culture and product port..

Hydro One and Avista File Applications for Regulatory Approval of Merger

Hydro One Limited and Avista Corporation have filed Applications requesting regulatory approval of the proposed merger of the two companies that was announced on July 19, 2017. The applications have been filed with state utility commissions in Washington, Idaho, Oregon, Montana, and Alaska, as w..

Illinois American Water Acquires Piasa Township Sanitary District

Illinois American Water President Bruce Hauk today announced the company’s acquisition of the Piasa Township Sanitary District. The purchase of the system adds approximately 120 customers to the company’s customer base in the Alton District. In a public referendum on April 4, 2017, residents of Pia..

Maricopa Scraps Idea of Buying Global Water Company

MARICOPA, Ariz. (AP) — The city of Maricopa has scrapped an idea to buy a private water company amid customer complaints about service interruptions and sudden spikes in water bills. The city hired Piper Jaffray, an investment bank and asset management firm, to conduct research on the possibility o..

NV5 Global Acquires Marron and Associates

NV5 Global, Inc. has acquired Marron and Associates, Inc., an environmental services firm with offices in Albuquerque and Las Cruces, New Mexico. The acquisition was made entirely in cash and will be immediately accretive to NV5’s earnings. In addition to providing environmental planning, natural a..

ESCO Technologies Acquires Vanguard Instruments

ESCO Technologies Inc. has acquired the assets of Vanguard Instruments Company, a premier test equipment provider serving the global electric utility market. The terms of the transaction were not disclosed. Vanguard, founded in 1991 and located in Ontario, California, designs, develops and manufact..

U.S. Bankruptcy Court Approves Sempra Energy-Oncor Merger Agreement

Sempra Energy today announced that the U.S. Bankruptcy Court for the District of Delaware has approved the merger agreement that Energy Future Holdings Corp. (Energy Future) entered into with Sempra Energy on Aug. 21, 2017. This approval is an important step in Sempra Energy’s proposal to acquir..

Algonquin Power & Utilities to Acquire St. Lawrence Gas Company

Algonquin Power & Utilities’ regulated distribution utility business, Liberty Utilities Co., has entered into a definitive agreement with Enbridge Gas Distribution Inc. , a subsidiary of Enbridge Inc., to acquire St. Lawrence Gas Company, Inc., a regulated natural gas distribution utility located in..

West Virginia American Water Acquires Queen Shoals PSD Water System

West Virginia American Water has completed its acquisition of the Queen Shoals Public Service District water system. The transaction was recently approved by the Public Service Commission of West Virginia and followed several years of discussions with the distressed public service district, which wa..

Early Termination of Hart-Scott-Rodino Act Waiting Period Awarded for Oncor, Sharyland Deal

InfraREIT, Inc. today announced the United States Department of Justice and the Federal Trade Commission have granted early termination of the Hart-Scott-Rodino Act waiting period for the proposed exchange transaction between InfraREIT’s regulated subsidiary, Sharyland Distribution & Transmissio..

Sempra Energy Bids $9.45B for Oncor, Topping Buffett Offer

SAN DIEGO (AP) — Sempra Energy is buying Texas power transmitter Oncor for $9.45 billion in cash, wresting it away from Warren Buffett’s Berkshire Hathaway. Sempra said Monday that it will also pick up $9.35 billion of the company’s debt. To gain possession of Oncor, Sempra will acquire the reorgan..

United Rentals to Acquire Neff Corporation for $1.3 Billion

United Rentals, Inc. and Neff Corporation, operating as Neff Rental, have entered into a definitive agreement under which United Rentals will acquire Neff for $25 per share in cash, representing a total purchase price of approximately $1.3 billion. The transaction is expected to be immediately accre..

Axalta Coating Systems Acquires Plascoat Systems Limited

Axalta Coating Systems has acquired Plascoat Systems Limited from its parent company, International Process Technologies (IPT) Ltd. Financial terms of the transaction were not disclosed. Established in 1952, Plascoat has pioneered the science behind the formulation, manufacturing, and application o..

Envirosight Acquires MyTana Manufacturing

Envirosight, which provides video pipeline inspection solutions to municipalities, contractors, departments of transportation, civil/environmental engineers and industrial customers, has acquired MyTana Manufacturing in an all-cash transaction. MyTana, headquartered in St. Paul, Minnesota, is a majo..

CEO: Westar-Great Plains Merger Plan to Be Filed This Month

TOPEKA, Kan. (AP) — The CEO of Westar says the utility and Great Plains Energy will file their new merger plan with Kansas regulators later this month. CEO Mark Ruelle says meetings will be scheduled later this year for a shareholder vote on the proposal. Ruelle updated investors Wednesd..