Companies

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..

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 ..