Companies

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..

BlackRock Acquires Gas Natural

A fund managed by BlackRock Real Assets’ Global Energy & Power Infrastructure group has completed the acquisition of Gas Natural Inc. The proposed transaction was initially announced in October 2016 by First Reserve Energy Infrastructure Funds, which BlackRock Real Assets acquired in June 2017. Gas..

Advanced Drainage Systems Acquires DURASLOT, Inc.

Advanced Drainage Systems, Inc. has acquired DURASLOT, Inc., a manufacturer of storm water collection surface drains used in a variety of construction applications. Terms of the transaction were not disclosed. “We are excited to welcome the DURASLOT product into the ADS family of Allied Products,” ..

CommScope Completes Acquisition of Cable Exchange

CommScope, a global leader in infrastructure solutions for communications networks, has completed its acquisition of Cable Exchange, a privately-held, quick-turn supplier of fiber optic and copper assemblies for data, voice and video communications. Cable Exchange, based in Santa Ana, Calif., manuf..

Jacobs to Acquire CH2M

Jacobs Engineering Group Inc. and CH2M HILL Companies Ltd. have entered into a definitive agreement under which Jacobs will acquire all of the outstanding shares of CH2M in a cash and stock transaction with an enterprise value of approximately $3.27 billion, including approximately $416 million of C..

Gabe’s Construction Acquires PCTEL

Gabe’s Construction Company, Inc. announced today that it had acquired the assets of the Melbourne, FL based Network Engineering Services business of PCTEL, Inc. This acquisition will enhance the ability for Gabe’s to execute on its already established end-to-end solutions business by offering expan..

Avista Sale Needs Approval from Stockholders and Regulators

SPOKANE, Wash. (AP) — The sale of Spokane-based Avista Corp. to a Canadian energy company must still win approval from shareholders and regulators. Hydro One, based in Toronto, Canada, announced Wednesday that it would pay $5.3 billion cash to buy Avista, which supplies electricity and natural gas ..

Hydro One Acquires Avista Corp.

SPOKANE, Wash. (AP) — Hydro One Limited of Toronto, Canada, has purchased Spokane-based Avista Corp. for $5.3 billion, creating one of North America’s largest regulated utilities. The combined companies said Wednesday they will have $25.4 billion in assets. The companies will serve more than 2 mil..

California American Water Acquires Oxbow Marina Mutual Water Company

California American Water has completed its acquisition of the Oxbow Marina Mutual Water Company in Sacramento. Under the terms of an agreement approved by the California Public Utilities Commission, California American Water will be providing its newly welcomed customers with state-regulated potabl..

Illinois American Water Acquires Forest Homes-Maple Park Public Water District

Illinois American Water has acquired the Forest Homes-Maple Park Public Water District. The purchase of the system adds approximately 500 customers to the company’s customer base in the Alton District. In a public referendum on Nov. 3, 2016, residents of Forest Homes-Maple Park Public Water Distric..

IES Holdings Acquires NEXT Electric

IES Holdings, Inc. has acquired 80% of the membership interests in NEXT Electric, LLC, a Milwaukee, Wisconsin-based electrical contractor specializing in the design, installation and maintenance of electrical systems for commercial, industrial, healthcare, water treatment and education markets.  NEX..

CommScope to Acquire Cable Exchange

CommScope, a global leader in infrastructure solutions for communications networks, has agreed to acquire Cable Exchange, a privately held quick-turn supplier of fiber optic and copper assemblies for data, voice and video communications. Cable Exchange, headquartered in Santa Ana, Calif., manufactu..

Westar, Great Plains Announce New Plans for $14B Merger

TOPEKA, Kan. (AP) — Westar Energy and Great Plains Energy have announced a revamped plan to merge after Kansas regulators scuttled an earlier deal. The Topeka Capital-Journal (http://bit.ly/2u9t3IX ) reports that the deal announced Monday morning would form a utility with a combined equity value of..

Berkshire Hathaway to Buy Oncor

NEW YORK (AP) — Warren Buffett’s Berkshire Hathaway is buying the Texas power transmitter Oncor for $9 billion, one of his biggest acquisitions. Last year, Berkshire completed its biggest acquisition in its history, a $32.36 billion deal for aviation parts maker Precision Castparts. Oncor se..

Peak Utility Services Group Acquires Kelly Cable

Peak Utility Services Group, a utility services provider serving natural gas, telecom, and electric utility markets in the Pacific Northwest and Intermountain West regions of the United States, has acquired Kelly Cable of New Mexico. As part of the transaction, Mike Ford, the President of Kelly Cab..

Connecticut Water Acquires the Avon Water Company

Connecticut Water Service, Inc. (CTWS) has completed the acquisition of The Avon Water Company (AWC). AWC serves approximately 4,800 water customers in the Connecticut communities of Avon, Farmington, and Simsbury. The Connecticut Public Utilities Regulatory Authority approved the acquisition on Apr..

Subsite Electronics Acquires R.S. Technical Services

Subsite Electronics, a Charles Machine Works Company, has acquired the assets of R.S. Technical Services, Inc., an innovator in the design and manufacture of closed-circuit television remote inspection and monitoring cameras. The deal adds proven camera inspection capabilities to Subsite’s line of U..

Artesian Resources Acquires Cantwell Water Company

Artesian Resources Corporation’s principal subsidiary, Artesian Water Company, Inc., has acquired the water assets of the Cantwell Water Company of Odessa. The purchase leverages Artesian’s newly expanded franchise area in southern New Castle County and allows the 40 customers previously on the Cant..

Thompson Pipe Group to Acquire U.S. Pipe Assets

Thompson Pipe Group has entered into a definitive agreement to acquire the concrete and steel pressure pipe assets of U.S. Pipe, a division of Forterra. The new entity will operate under the name Thompson Pipe Group and provide the water and wastewater infrastructure, power, and industrial markets w..