Companies

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..

Vermont Utility Regulators Give Final Nod to FairPoint Deal

MONTPELIER, Vt. (AP) – Vermont utility regulators have given final approval to a deal that will allow the state’s largest landline telecommunications company to be acquired by an Illinois Company. The Vermont Public Service Board decision that was released Monday says the combined company that wi..

Primoris Services Corporation Acquires Coastal Field Services

Primoris Services Corporation has acquired the assets of Coastal Field Services for $27.5 million paid in cash at closing. Based in Beaumont, Texas, Coastal Field Services provides pipeline construction and maintenance, pipe and vessel coating and insulation, and integrity support services for leadi..

First Reserve to Purchase EMS USA's Integrity Maintenance Platform

First Reserve has agreed to acquire the integrity maintenance platform of EMS USA, Inc. The transaction is subject to customary closing conditions. Serving customers throughout the midstream and downstream value chain, EMS provides a comprehensive suite of solutions that includes integrity maintena..

Aqua America Receives Approval to Acquire Pennsylvania Wastewater System

Aqua America, Inc. today announced its largest subsidiary, Aqua Pennsylvania, received approval from the Pennsylvania Public Utility Commission to purchase the wastewater assets of New Garden Township, serving approximately 2,100 customer connections in southeast Pennsylvania’s Chester County. Aqua..

Companies Partner to Expand Water and Wastewater Infrastructure Renewal Services

Vortex Infrastructure today announced a strategic alliance with Stag Technologies, a manufacturer of epoxies, urethanes and other 100% solid specialty coatings for the municipal and industrial water and wastewater industry. “Incorporating Stag’s proven coatings with our infrastructure renewal syste..

Clayton, Dubilier & Rice to Acquire Waterworks

Clayton, Dubilier & Rice has reached an agreement with HD Supply Holding, Inc. to acquire its Waterworks business unit for $2.5 billion. Through a carve-out transaction, Waterworks will become an independent company, wholly-owned by CD&R funds. Waterworks is a leading U.S. distributor of indust..

Artesian Water Company Purchases Fort DuPont Water System

Artesian Resources Corporation’s principal subsidiary, Artesian Water Company, has closed on its purchase of water assets in the Fort DuPont Historic District, New Castle County, Delaware. The acquisition includes over $1 million of investment for the purchase of the existing water treatment plant,..

Eversource Energy Acquires Aquarion Water Company

In an acquisition that will combine New England’s largest energy company with the region’s largest private water company, Eversource Energy has reached an agreement to acquire Aquarion Water Company for an enterprise value of $1.675 billion, comprised of $880 million in cash and $795 million of assu..

John Deere to Acquire the Wirtgen Group

Deere & Company has signed a definitive agreement to acquire the Wirtgen Group, a privately-held international company that is the leading manufacturer worldwide of road construction equipment. The purchase price is EUR 4.357 billion in an all-cash transaction. The total transaction value is approx..

Carolina Underground Solutions Acquired by Ex-CEO of South Carolina Telecom Contractor

Carolina Underground Solutions, a contractor providing drilling, boring, and trenching services for the installation of underground telecommunications cabling, has been acquired by Braddock Cunningham, former CEO of Network Controls and Electric, a telecommunications contractor in South Carolina. “..

Primoris Services Corporation Acquires Florida Gas Contractors

Primoris Services Corporation has acquired the assets of Florida Gas Contractors, a utility contractor specializing in underground natural gas infrastructure. Total consideration was approximately $33 million paid in cash at closing. Florida Gas Contractors can also receive an additional $1.5 millio..

Report: M&A Appetite Hits Seven-Year High in Power and Utilities Sector

Fifty-nine percent of power and utilities executive respondents expect to actively pursue an acquisition in the next 12 months, according to the latest biannual EY Power & Utilities Capital Confidence Barometer. That demonstrates a 12% increase in M&A appetite since the last Barometer (47%), and..

ESCO Technologies Acquires Global Utility Solutions Provider

ESCO Technologies Inc. has acquired Morgan Schaffer Inc., a global utility solutions provider whose products are sold in over 90 countries to both electrical utilities with generation and transmission assets and original equipment manufacturers of large transmission transformers. The business, whic..

Global Water Resources Acquires Eagletail Water Company

Global Water Resources, Inc. has acquired Eagletail Water Company, a small water utility located west of metropolitan Phoenix. The transaction adds approximately 50 active water connections and six square miles of approved service area to Global Water’s existing regional service footprint. The acqu..

Corporation Commission Rejects Utilities' Plea for More Time

TOPEKA, Kan. (AP) — The Kansas Corporation Commission won’t allow Westar Energy and Great Plains Energy extra time to renegotiate a new merger. After the commission in April rejected the proposed merger, the two companies filed a petition asking for extra time to revise the deal to meet commi..

Helmerich & Payne to Acquire MOTIVE Drilling Technologies

Helmerich & Payne, Inc. has entered into an agreement to acquire MOTIVE Drilling Technologies, Inc. for $75 million payable at closing and up to an additional $25 million in potential earnout payments based on future performance during the next few years.  The transaction is pending and is expected ..

Missouri American Water Acquires Water, Wastewater Systems

Missouri American Water has acquired the Wardsville water and wastewater systems for $2.75 million. Customers in Wardsville, located just south of Jefferson City, will have their meters changed beginning today and should receive their first invoice from Missouri American Water the week of June 26. ..