Companies
Florida Utility Wants to Buy South Carolina-Owned Utility
COLUMBIA, S.C. (AP) — A Florida power company is suggesting it might buy a South Carolina state-owned utility for nearly $16 billion. Media outlets reported that NextEra Energy is one of several groups interested in buying Santee Cooper after the state-owned utility and South Carolina Electric & Ga..
Vermeer and Mincon Announce Distribution Agreement
Two of the horizontal directional drilling (HDD) industry’s leading equipment and tooling manufacturers, Vermeer Corporation and Mincon Group PLC, have formed a distribution alliance to expand contractors’ access to quality rock tooling worldwide. As part of the agreement, Vermeer dealers are now th..
Granite Construction to Acquire Layne Christensen
Granite Construction Incorporated and Layne Christensen Company today announced they have entered into a definitive agreement whereby Granite will acquire all of the outstanding shares of Layne in a stock-for-stock transaction valued at $565 million, including the assumption of net debt. The transac..
Cleco Corporate Holdings to Acquire NRG South Central Generating
Cleco Corporate Holdings LLC (Cleco), owner of regulated electric utility Cleco Power LLC (Cleco Power), today announced that it will acquire NRG South Central Generating LLC (South Central), a subsidiary of NRG Energy, Inc., for $1 billion. Under the terms of the agreement, Cleco will ..
Xylem Acquires EmNet
Xylem Inc. today announced that it has acquired EmNet, LLC, a rapidly growing provider of smart solutions that enable municipalities to manage the urban water cycle and wastewater and stormwater systems. Financial terms were not disclosed. EmNet’s core technology and expertise in real time decision..
Atlantic Broadband to Acquire FiberLight's South Florida Fiber Network
Atlantic Broadband has signed a definitive agreement to purchase the entire South Florida fiber network from FiberLight, LLC, an industry leader in providing high-performance fiber-optic network solutions. Upon completion of the agreement, Atlantic Broadband will add approximately 350 route miles to..
Novacap to Acquire Horizon Telcom
Novacap TMT, one of Canada’s leading private equity firms, today announced it has entered into a definitive agreement to acquire Horizon Telcom, a premier provider of fiber-optic bandwidth infrastructure services operating primarily in Ohio. Under the terms of the agreement, Novacap will acquire the..
RCN/Grande Officially Acquires Wave Broadband
RCN/Grande, a nationwide broadband service platform controlled by TPG Capital, today closed its previously announced $2.37 billion acquisition of Wave Broadband. Under the terms of the acquisition, Wave will continue to operate as a branded entity, headquartered in Kirkland, Washington. “By combini..
Zayo Acquires Optic Zoo Networks
Zayo Group Holdings, Inc. today announced it has acquired Vancouver-based Optic Zoo Networks for CAD $31 million. Optic Zoo owns and operates high-capacity fiber in Vancouver and has achieved a significant penetration of customers, with a focus on the digital media sector. The transaction strengthe..
NV5 Acquires Butsko Utility Design
NV5 Global, Inc., a provider of professional and technical engineering and consulting solutions, has acquired Butsko Utility Design, Inc., a leading provider of utility planning and design services in Southern California and Washington. The acquisition was made with a combination of cash and stock a..
FERC Approves Avista, Hydro One Merger
Hydro One Limited and Avista Corporation have received approval from the Federal Energy Regulatory Commission (FERC) on the companies’ merger application filed on Sept. 14, 2017. “This marks another important milestone in bringing together Hydro One and Avista,” said Mayo Schmidt, President and CEO..
Raven Lining Systems, VersaFlex Complete Merger
Raven Lining Systems® and VersaFlex® Inc. today announced the companies have merged, effective Jan. 1, 2018. As part of the merger, VersaFlex’s Polyurea University will be combined with Raven Lining Systems’ Certified Applicator Program to develop an industry leading training and technical support ..
Dominion CEO: Without Deal, South Carolina Power Company Fails
COLUMBIA, S.C. (AP) — The top executive of a company looking to buy a troubled South Carolina utility says the state’s leaders can either accept the deal or watch SCANA Corp. fail. News outlets report Dominion Energy CEO Tom Farrell told the Public Service Commission on Thursday that the Virginia c..
Willbros to Sell U.S. Pipeline Construction Equipment
Willbros Group, Inc. has signed a definitive agreement to sell certain U.S. mainline pipeline assets to WB Pipeline, LLC, an affiliate of Meridien Energy, LLC. Assets included in the sale consist primarily of cross-country pipeline construction equipment. Valuation is based upon independent third ..
Vortex Companies Announces Strategic Partnership with Source One Environmental
Vortex Companies today announced Source One Environmental (S1E) has agreed to be an authorized distributor of Picote Solutions products. Under the terms of the agreement, S1E will begin stocking and selling Picote Solutions products as early as February 2018. Picote Solutions systems are specifical..
ALLO Acquires Glenwood Telecommunications' Operations in Nebraska Town
Nebraska-based ALLO Communications today announced the purchase of the fiber network and customer contracts of Glenwood Telecommunications’ Hastings, Nebraska operations. “ALLO looks forward to operating the fiber network to serve the customers in Hastings with exceptional service and t..
Dominion Energy to Acquire SCANA
Dominion Energy, Inc. and SCANA Corporation have reached an agreement to combine in a stock-for-stock merger, in which SCANA shareholders would receive 0.6690 shares of Dominion Energy common stock for each share of SCANA common stock. Including assumption of debt, the value of the transaction i..
Pennsylvania American Water Acquires McKeesport Wastewater System
Pennsylvania American Water, a wholly owned subsidiary of American Water, has completed the acquisition of the wastewater system assets of the Municipal Authority of the City of McKeesport (MACM). The purchase price is approximately $159 million. The transaction marks the first acquisition complete..
Feeney Brothers Utility Services Acquires DDS Companies
Feeney Brothers Utility Services, a leading service provider to the U.S. Northeastern gas, electric, water, and telecommunications industries, has closed on a strategic merger with DDS Companies. DDS provides utility, civil, engineering and telecommunications services in upstate New York, Pennsy..
Cincinnati Bell, Hawaiian Telcom Merger Approved in Hawaii
The Hawaii Department of Commerce and Consumer Affairs’ (DCCA) Cable Television Division (CATV) has conditionally approved the transfer of control of Hawaiian Telcom’s cable franchise to Cincinnati Bell Inc. “We are pleased that our merger approval process is moving forward expeditious..
Vortex Companies Acquires VacVision Environmental
The Vortex Companies, a leading trenchless rehabilitation industry solutions provider, has acquired VacVision Environmental, a trenchless infrastructure and service contractor located in South Carolina and Florida. “We’ve always believed VacVision shared our approach to delivering a broad range of..
Eversource Acquires Aquarion Water Company
Eversource has acquired the Aquarion Water Company, becoming the only U.S.-based electric utility to also own a water utility. With all required regulatory approvals now received, Aquarion will now operate as a wholly-owned subsidiary of Eversource, whose footprint includes nearly 4 million electric..
Kansas Regulators to Review Westar Merger with Great Plains
WICHITA, Kan. (AP) — Shareholders overwhelmingly approved a proposed merger of Kansas’ largest electric company with a Missouri firm Tuesday, a move that aims to create a new unified company with a combined equity value of about $14 billion in a revised deal that still requires regulatory approval. ..
Avista Shareholders Approve Merger with Hydro One
Avista Corporation today announced its shareholders have approved the proposed acquisition of the company by Hydro One Limited. “We are pleased that our shareholders have demonstrated their strong support of this transaction and the value and benefits it will provide for all of our stakeholders,” A..
Westar Energy, Great Plains Energy Shareholders OK Merger
Westar Energy, Inc. and Great Plains Energy Incorporated, the parent company of Kansas City Power & Light (KCP&L), today announced the companies’ shareholders have approved the proposals necessary for the merger between the two companies. “We are excited about today’s approval from shareholders of ..
Sale of Texas Water System Finalized
SJW Group has closed on the sale of its wholly-owned subsidiary, Texas Water Alliance Limited (TWA) to Guadalupe-Blanco River Authority (GBRA). On Feb. 22, 2016, SJW Group entered into a Purchase and Sale Agreement with GBRA, pursuant to which SJW Group agreed to sell TWA to GBRA for $31,000,000. “..
Indiana American Water Acquires Georgetown Water System
Indiana American Water President Deborah Dewey today announced the company’s acquisition of Georgetown Water, a municipal water utility located in southern Indiana. The purchase of the system adds approximately 1,300 customers to the company’s customer base, which represents a population of approxim..
Vermont Council Reopens Bidding Process for Telecom Utility
BURLINGTON, Vt. (AP) — Burlington officials have formed a committee to determine how to vote on a buyer for the city’s Burlington Telecom utility following a failed joint venture proposal. The Burlington Free Press reports a final vote has been scheduled for Nov. 27. The finalists, Ting and Keep Bu..
City OKs Sale of Water System to California American Water
The Bellflower City Council has approved the sale of the city’s municipal water system to California American Water. “We have a strong legacy and presence in the Los Angeles region where we’ve been providing water service for over 50 years,” said Rich Svindland, California American Water President...
Utility Set to Meet with Officials About Buying Gas Company
FAIRBANKS, Alaska (AP) — A utility company’s representatives are scheduled to meet with state officials to work on the terms for buying a natural gas business that will bring service to more customers in the Fairbanks area. Interior Gas Utility Board Chairman Mike Meeks and recently appointed board..
- 290-mile gas pipeline expansion proposed across Georgia, Alabama and South Carolina
- City of Albuquerque halts fiber optic construction in response to damage, complaints
- Body retrieved day after fatal trench collapse at Bakersfield, Calif., job site
- $227 million Garnet Valley water project advances, set to create 73,000 jobs in Nevada
- Pasadena, Calif., undergrounding project could take 500 years to finish
- Gehl and Mustang offer world’s largest skid loader
- Growing Pains and Gains
- Authorities investigating trench collapse that killed worker in Ashburn, Va.
- City of Albuquerque halts fiber optic construction in response to damage, complaints
- Pasadena, Calif., undergrounding project could take 500 years to finish