Companies

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. ..

Verizon to Accelerate Next-Gen Broadband Deployment with $3.1 Billion Acquisition

To scale and accelerate deployment of next-generation broadband services throughout the United States, Verizon Communications Inc. has agreed to acquire Straight Path Communications Inc. Verizon will purchase Straight Path for $184.00 per share, or a total consideration of $3.1 billion, in an all-s..

Evoqua Acquires Noble Water Technologies

Evoqua Water Technologies today announced it has signed a definitive agreement to acquire privately held Noble Water Technologies. Terms of the asset agreement were not disclosed. Noble Water Technologies serves the pharmaceutical, laboratory, food and beverage, automotive, specialty chemical, and ..

Kansas Regulators Asked to Reconsider Rejection of Utility Sale

TOPEKA, Kan. (AP) — Kansas regulators are being asked to reconsider their rejection of the proposed sale of the state’s largest electric company to a Missouri firm. Kansas City, Missouri-based Great Plains Energy Inc. and Topeka-based Westar Energy Inc. announced Thursday that they made the r..

Gulf Publishing Company Acquires 109-Year-Old Oildom Publishing

Creates Largest Energy Media Company Serving Upstream, Midstream, Downstream Sectors Gulf Publishing Company announced today the acquisition of Oildom Publishing Company of Texas, Inc. to create the world’s largest independent media company devoted exclusively to the international energy industry. ..

California American Water to Acquire Fruitridge Vista Water Company

California American Water has entered into an agreement to acquire the operating assets of the Fruitridge Vista Water Company for $20.75 million. Fruitridge Vista is a family owned Class B Water Utility in south Sacramento County and is regulated by the California Public Utilities Commission. Fruit..

Kansas Regulators Reject $12.2B Utility Merger

TOPEKA, Kan. (AP) – Kansas regulators on Wednesday rejected the proposed sale of the state’s largest electric company to a Missouri firm, concluding that the $12.2 billion price was too high and would leave the combined utility financially weaker than the separate companies. The Kansas Corporation ..

Texas Electric Regulators Nix $18B Oncor Sale

AUSTIN, Texas (AP) — Texas regulators have rejected the proposed more than $18 billion sale of Dallas-based Oncor Electric Delivery Co. to NextEra Energy Inc. The three-member Public Utility Commission of Texas on Thursday unanimously declined to accept the agreement as being in the public interest..

American Water Acquires Shorelands Water Company

American Water has completed its acquisition of the Shorelands Water Company, a privately owned water utility that provides water services to more than 11,000 customers in Monmouth County, N.J. The acquisition was approved by the New Jersey Board of Public Utilities on March 24, 2017. The purchased ..

Illinois American Water Acquires Water System

Illinois American Water has officially acquired the Village of Sadorus water system, which will be incorporated into the company’s Champaign County District. The Village of Sadorus Board voted in favor of the sale in April 2016 and the Illinois Commerce Commission approved the sale for $240,000 on ..

Maine Utility Regulators to Consider $1.5B FairPoint Sale

AUGUSTA, Maine (AP) — Maine utility regulators are ready to delve into details of the proposed $1.5 billion sale of FairPoint Communications, the country’s eighth-largest phone and internet company. Consolidated Communications, based in Illinois, announced in December it was buying FairPoint, assum..

Forterra Acquires Royal Enterprises America

Forterra, Inc., a leading manufacturer of water infrastructure pipe and products in the United States and Eastern Canada, has acquired the business of Royal Enterprises America, a manufacturer of concrete drainage pipe, precast concrete products, stormwater treatment technologies and erosion control..