Companies

RCN/Grande Officially Acquires Wave Broadband

RCN/Grande, a nationwide broadband service platform controlled by TPG Capital, today closed its previously announced $2.37 billion acquisition of Wave Broadband. Under the terms of the acquisition, Wave will continue to operate as a branded entity, headquartered in Kirkland, Washington. “By combini..

Zayo Acquires Optic Zoo Networks

Zayo Group Holdings, Inc. today announced it has acquired Vancouver-based Optic Zoo Networks for CAD $31 million. Optic Zoo owns and operates high-capacity fiber in Vancouver and has achieved a significant penetration of customers, with a focus on the digital media sector. The transaction strengthe..

NV5 Acquires Butsko Utility Design

NV5 Global, Inc., a provider of professional and technical engineering and consulting solutions, has acquired Butsko Utility Design, Inc., a leading provider of utility planning and design services in Southern California and Washington. The acquisition was made with a combination of cash and stock a..

FERC Approves Avista, Hydro One Merger

Hydro One Limited and Avista Corporation have received approval from the Federal Energy Regulatory Commission (FERC) on the companies’ merger application filed on Sept. 14, 2017. “This marks another important milestone in bringing together Hydro One and Avista,” said Mayo Schmidt, President and CEO..

Raven Lining Systems, VersaFlex Complete Merger

Raven Lining Systems® and VersaFlex® Inc. today announced the companies have merged, effective Jan. 1, 2018. As part of the merger, VersaFlex’s Polyurea University will be combined with Raven Lining Systems’ Certified Applicator Program to develop an industry leading training and technical support ..

Dominion CEO: Without Deal, South Carolina Power Company Fails

COLUMBIA, S.C. (AP) — The top executive of a company looking to buy a troubled South Carolina utility says the state’s leaders can either accept the deal or watch SCANA Corp. fail. News outlets report Dominion Energy CEO Tom Farrell told the Public Service Commission on Thursday that the Virginia c..

Willbros to Sell U.S. Pipeline Construction Equipment

Willbros Group, Inc. has signed a definitive agreement to sell certain U.S. mainline pipeline assets to WB Pipeline, LLC, an affiliate of Meridien Energy, LLC. Assets included in the sale consist primarily of cross-country pipeline construction equipment.  Valuation is based upon independent third ..

Vortex Companies Announces Strategic Partnership with Source One Environmental

Vortex Companies today announced Source One Environmental (S1E) has agreed to be an authorized distributor of Picote Solutions products. Under the terms of the agreement, S1E will begin stocking and selling Picote Solutions products as early as February 2018. Picote Solutions systems are specifical..

ALLO Acquires Glenwood Telecommunications' Operations in Nebraska Town

Nebraska-based ALLO Communications today announced the purchase of the fiber network and customer contracts of Glenwood Telecommunications’ Hastings, Nebraska operations. “ALLO looks forward to operating the fiber network to serve the customers in Hastings with exceptional service and t..

Dominion Energy to Acquire SCANA

Dominion Energy, Inc. and SCANA Corporation have reached an agreement to combine in a stock-for-stock merger, in which SCANA shareholders would receive 0.6690 shares of Dominion Energy common stock for each share of SCANA common stock. Including assumption of debt, the value of the transaction i..

Pennsylvania American Water Acquires McKeesport Wastewater System

Pennsylvania American Water, a wholly owned subsidiary of American Water, has completed the acquisition of the wastewater system assets of the Municipal Authority of the City of McKeesport (MACM). The purchase price is approximately $159 million. The transaction marks the first acquisition complete..

Feeney Brothers Utility Services Acquires DDS Companies

Feeney Brothers Utility Services, a leading service provider to the U.S. Northeastern gas, electric, water, and telecommunications industries, has closed on a strategic merger with DDS Companies. DDS provides utility, civil, engineering and telecommunications services in upstate New York, Pennsy..

Cincinnati Bell, Hawaiian Telcom Merger Approved in Hawaii

The Hawaii Department of Commerce and Consumer Affairs’ (DCCA) Cable Television Division (CATV) has conditionally approved the transfer of control of Hawaiian Telcom’s cable franchise to Cincinnati Bell Inc.  “We are pleased that our merger approval process is moving forward expeditious..

Vortex Companies Acquires VacVision Environmental

The Vortex Companies, a leading trenchless rehabilitation industry solutions provider, has acquired VacVision Environmental, a trenchless infrastructure and service contractor located in South Carolina and Florida.  “We’ve always believed VacVision shared our approach to delivering a broad range of..

Eversource Acquires Aquarion Water Company

Eversource has acquired the Aquarion Water Company, becoming the only U.S.-based electric utility to also own a water utility. With all required regulatory approvals now received, Aquarion will now operate as a wholly-owned subsidiary of Eversource, whose footprint includes nearly 4 million electric..

Kansas Regulators to Review Westar Merger with Great Plains

WICHITA, Kan. (AP) — Shareholders overwhelmingly approved a proposed merger of Kansas’ largest electric company with a Missouri firm Tuesday, a move that aims to create a new unified company with a combined equity value of about $14 billion in a revised deal that still requires regulatory approval. ..

Avista Shareholders Approve Merger with Hydro One

Avista Corporation today announced its shareholders have approved the proposed acquisition of the company by Hydro One Limited. “We are pleased that our shareholders have demonstrated their strong support of this transaction and the value and benefits it will provide for all of our stakeholders,” A..

Westar Energy, Great Plains Energy Shareholders OK Merger

Westar Energy, Inc. and Great Plains Energy Incorporated, the parent company of Kansas City Power & Light (KCP&L), today announced the companies’ shareholders have approved the proposals necessary for the merger between the two companies. “We are excited about today’s approval from shareholders of ..

Sale of Texas Water System Finalized

SJW Group has closed on the sale of its wholly-owned subsidiary, Texas Water Alliance Limited (TWA) to Guadalupe-Blanco River Authority (GBRA). On Feb. 22, 2016, SJW Group entered into a Purchase and Sale Agreement with GBRA, pursuant to which SJW Group agreed to sell TWA to GBRA for $31,000,000. “..

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..