Reports & Analysis
Our Insight Reports provide deep-dive analyses into global topics, including water infrastructure, industrial water management, digital solutions, and more. Available for online purchase, buyers receive immediate access to the reports.
Fair Market Value: Key Policies, Acquisition Trends, and Companies
Bluefield has tracked approximately 1,200 water deals submitted for regulatory approval since 2015, with only 8% having been executed using FMV. The legislation has historically played a relatively small role in IOU M&A, but increased utilization is having a ripple effect across states with active policies. As pressure builds to consolidate struggling utilities, more states are likely to employ incentives like FMV to support acquisitions.
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American Water Reiterates Growth StrategyAmerican Water Works Corporation reported relatively stable first quarter earnings on 7 May 2014, with revenue climbing 7.2% to US$681.9 million. It reaffirmed its status...
27 May. 2014
New Jersey Law to Accelerate Private ParticipationOn 5 February 2015, New Jersey’s governor signed into law the Water Infrastructure Protection Act. The law removes the requirement that municipal system owners of...
26 Feb. 2015
U.S. Private Water Utilities: Market Trends, Strategies, and Opportunities, 2016Private water utilities, currently accounting for 15% of the U.S. water market, are poised to take on a much greater role. Deteriorating water infrastructure is...
5 Sep. 2016
U.S. Investor-Owned Utilities Quarterly M&A UpdateMore than US$384 million of IOU acquisitions across 20 deals have been completed so far in 2016. This year is already on track to surpass...
21 Jul. 2016
American States, IOUs Target Military Water ContractsOn 12 July 2016, American States Utility Services was awarded a US$510 million military services contract with the U.S. Air Force. Bluefield analyzes impact...
1 Aug. 2016
U.S. Investor-Owned Utilities M&A Update: 2013 – Q3 2016More than US$448 million of acquisitions for 25 deals have been completed through the first three quarters of this year
10 Nov. 2016
Market-Based Opportunities for Private Water Players: U.S. Military Service ContractsOnce dominated by a few select players, military service contracts now offer market-based opportunities for private water companies. While investor-owned utilities in the U.S. rely heavily...
14 Nov. 2016
Municipalities Monetizing Water, Wastewater Assets Under FMV LegislationOn 1 November 2017, the Pennsylvania Public Utility Commission unanimously approved the US$159 million sale of the wastewater system owned by the Municipal Authority of...
13 Dec. 2017
U.S. Private Water Utilities: Drivers, Competitive Landscape and Acquisition Trends, 2019This new Focus Report from Bluefield Research provides an in-depth analysis of the changing investor-owned utility landscape in the U.S., including key policy drivers, M&A...
31 May. 2019
U.S. Private Water: Key Trends, M&A Activity, and Market Outlook Q2 2021The first quarter of 2021 built on the momentum of an acquisitive 2020 despite fewer approvals for the publicly traded market leaders. A review of...
14 Jun. 2021
Quarterly ReviewReviews of the research of the past quarter, trends and insights