On 8 September 2017, ALLETE’s subsidiary, U.S. Water, acquired Tonka Water, a Minnesota-based supplier of municipal and industrial water treatment systems. The seller, New York-based private equity firm Meriwether Capital, had owned Tonka Water since 2009.
In this Research Note, Bluefield water experts analyze what this deal means for the company’s strategies and evaluates the impact on the U.S. industrial water sector.
So far in 2017, Bluefield has identified 74 announced technology, equipment & services deals in North America. Competition for these assets is heavy as larger players seek to build out more local positions.
More analysis on recent water deals:
- Water Mergers and Acquisitions: Key Trends in a Changing Global Landscape (Report for purchase)
- Water M&A (News & Analysis)