Companies
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 ..
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. ..
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