JEA Sale Could Set High Water Mark in Florida
On 28 November 2017, a JEA board member set in motion the potential of privatization, or transfer of the utility, to a privately held company. A review of a sale of the Jacksonville, Florida-based water and electric utility expected to be undertaken over the next 60 to 90 days. Although the deal has yet to appear on investor radars.
The privatization of JEA would represent a significant opportunity for diversified private equity firms, or outsiders pursuing opportunities for water (and power) in the U.S. The convergence of critical infrastructure continues to gain momentum with unforeseen electric and gas companies closing out 2017 as new water utility owners.