Companies
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..
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,..
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