Severn Trent Jettisons U.S. Water Business
On 3 July 2017, U.K.-based Severn Trent Plc announced the sale of its North American services unit for US$62 million. The new owners are private equity firms PPC enterprises LLC and Alston Capital Partners LLC.
With Severn Trent’s exit, competition among the leading players will likely escalate in their pursuit of its expiring contracts. Outsiders, including PPC and Alston Capital, increasingly see an opportunity in municipal water to capitalize on water infrastructure concerns nationwide.
In this Research Note, Bluefield water experts analyze the impact of this sale and opportunities for O&M service providers. For more analysis of mergers and acquisitions in water markets, see our new report.
- Municipal utility district contracts reflected in sale price
- U.K. holding company closing door on international presence.
- Muni service provider competition reshuffles.