Companies
CountryWide Broadband To Acquire Full Channel
CountryWide Broadband today announced that, along with Seaport Capital of New York, the company has agreed to acquire Full Channel, a leading provider of broadband video entertainment, high-speed internet access, and telephone services to residents and businesses in Rhode Island’s East Bay, includin..
SUEZ Acquires GE's Water Business
General Electric today announced it completed the closing of the sale of GE Water & Process Technologies to SUEZ for $3.4 billion on September 30, 2017. “The sale of GE Water & Process Technologies is the next step in GE Power’s business strategy and portfolio transformation,” said GE Power Preside..
Swiss ABB to Buy Unit from General Electric for $2.6 Billion
GENEVA (AP) — Swiss robotics and industrial machinery maker ABB is buying the electrification services unit of U.S. conglomerate General Electric in a deal valued at $2.6 billion, boosting its presence in its crucial North American market. The deal between ABB, which provides high-tech equipment fo..
Vermeer Acquires Remaining Interests in McLaughlin
Vermeer Corporation today announced it has acquired the remaining interests of McLaughlin Group, Inc. The company originally acquired a minority interest in McLaughlin in 2012. “Our initial investment in McLaughlin created the ideal opportunity to determine how the company culture and product port..
Hydro One and Avista File Applications for Regulatory Approval of Merger
Hydro One Limited and Avista Corporation have filed Applications requesting regulatory approval of the proposed merger of the two companies that was announced on July 19, 2017. The applications have been filed with state utility commissions in Washington, Idaho, Oregon, Montana, and Alaska, as w..
Illinois American Water Acquires Piasa Township Sanitary District
Illinois American Water President Bruce Hauk today announced the company’s acquisition of the Piasa Township Sanitary District. The purchase of the system adds approximately 120 customers to the company’s customer base in the Alton District. In a public referendum on April 4, 2017, residents of Pia..
Maricopa Scraps Idea of Buying Global Water Company
MARICOPA, Ariz. (AP) — The city of Maricopa has scrapped an idea to buy a private water company amid customer complaints about service interruptions and sudden spikes in water bills. The city hired Piper Jaffray, an investment bank and asset management firm, to conduct research on the possibility o..
NV5 Global Acquires Marron and Associates
NV5 Global, Inc. has acquired Marron and Associates, Inc., an environmental services firm with offices in Albuquerque and Las Cruces, New Mexico. The acquisition was made entirely in cash and will be immediately accretive to NV5’s earnings. In addition to providing environmental planning, natural a..
ESCO Technologies Acquires Vanguard Instruments
ESCO Technologies Inc. has acquired the assets of Vanguard Instruments Company, a premier test equipment provider serving the global electric utility market. The terms of the transaction were not disclosed. Vanguard, founded in 1991 and located in Ontario, California, designs, develops and manufact..
U.S. Bankruptcy Court Approves Sempra Energy-Oncor Merger Agreement
Sempra Energy today announced that the U.S. Bankruptcy Court for the District of Delaware has approved the merger agreement that Energy Future Holdings Corp. (Energy Future) entered into with Sempra Energy on Aug. 21, 2017. This approval is an important step in Sempra Energy’s proposal to acquir..
Algonquin Power & Utilities to Acquire St. Lawrence Gas Company
Algonquin Power & Utilities’ regulated distribution utility business, Liberty Utilities Co., has entered into a definitive agreement with Enbridge Gas Distribution Inc. , a subsidiary of Enbridge Inc., to acquire St. Lawrence Gas Company, Inc., a regulated natural gas distribution utility located in..
West Virginia American Water Acquires Queen Shoals PSD Water System
West Virginia American Water has completed its acquisition of the Queen Shoals Public Service District water system. The transaction was recently approved by the Public Service Commission of West Virginia and followed several years of discussions with the distressed public service district, which wa..
Early Termination of Hart-Scott-Rodino Act Waiting Period Awarded for Oncor, Sharyland Deal
InfraREIT, Inc. today announced the United States Department of Justice and the Federal Trade Commission have granted early termination of the Hart-Scott-Rodino Act waiting period for the proposed exchange transaction between InfraREIT’s regulated subsidiary, Sharyland Distribution & Transmissio..
Sempra Energy Bids $9.45B for Oncor, Topping Buffett Offer
SAN DIEGO (AP) — Sempra Energy is buying Texas power transmitter Oncor for $9.45 billion in cash, wresting it away from Warren Buffett’s Berkshire Hathaway. Sempra said Monday that it will also pick up $9.35 billion of the company’s debt. To gain possession of Oncor, Sempra will acquire the reorgan..
United Rentals to Acquire Neff Corporation for $1.3 Billion
United Rentals, Inc. and Neff Corporation, operating as Neff Rental, have entered into a definitive agreement under which United Rentals will acquire Neff for $25 per share in cash, representing a total purchase price of approximately $1.3 billion. The transaction is expected to be immediately accre..
Axalta Coating Systems Acquires Plascoat Systems Limited
Axalta Coating Systems has acquired Plascoat Systems Limited from its parent company, International Process Technologies (IPT) Ltd. Financial terms of the transaction were not disclosed. Established in 1952, Plascoat has pioneered the science behind the formulation, manufacturing, and application o..
Envirosight Acquires MyTana Manufacturing
Envirosight, which provides video pipeline inspection solutions to municipalities, contractors, departments of transportation, civil/environmental engineers and industrial customers, has acquired MyTana Manufacturing in an all-cash transaction. MyTana, headquartered in St. Paul, Minnesota, is a majo..
CEO: Westar-Great Plains Merger Plan to Be Filed This Month
TOPEKA, Kan. (AP) — The CEO of Westar says the utility and Great Plains Energy will file their new merger plan with Kansas regulators later this month. CEO Mark Ruelle says meetings will be scheduled later this year for a shareholder vote on the proposal. Ruelle updated investors Wednesd..
BlackRock Acquires Gas Natural
A fund managed by BlackRock Real Assets’ Global Energy & Power Infrastructure group has completed the acquisition of Gas Natural Inc. The proposed transaction was initially announced in October 2016 by First Reserve Energy Infrastructure Funds, which BlackRock Real Assets acquired in June 2017. Gas..
Advanced Drainage Systems Acquires DURASLOT, Inc.
Advanced Drainage Systems, Inc. has acquired DURASLOT, Inc., a manufacturer of storm water collection surface drains used in a variety of construction applications. Terms of the transaction were not disclosed. “We are excited to welcome the DURASLOT product into the ADS family of Allied Products,” ..
CommScope Completes Acquisition of Cable Exchange
CommScope, a global leader in infrastructure solutions for communications networks, has completed its acquisition of Cable Exchange, a privately-held, quick-turn supplier of fiber optic and copper assemblies for data, voice and video communications. Cable Exchange, based in Santa Ana, Calif., manuf..
Jacobs to Acquire CH2M
Jacobs Engineering Group Inc. and CH2M HILL Companies Ltd. have entered into a definitive agreement under which Jacobs will acquire all of the outstanding shares of CH2M in a cash and stock transaction with an enterprise value of approximately $3.27 billion, including approximately $416 million of C..
Gabe’s Construction Acquires PCTEL
Gabe’s Construction Company, Inc. announced today that it had acquired the assets of the Melbourne, FL based Network Engineering Services business of PCTEL, Inc. This acquisition will enhance the ability for Gabe’s to execute on its already established end-to-end solutions business by offering expan..
Avista Sale Needs Approval from Stockholders and Regulators
SPOKANE, Wash. (AP) — The sale of Spokane-based Avista Corp. to a Canadian energy company must still win approval from shareholders and regulators. Hydro One, based in Toronto, Canada, announced Wednesday that it would pay $5.3 billion cash to buy Avista, which supplies electricity and natural gas ..
Hydro One Acquires Avista Corp.
SPOKANE, Wash. (AP) — Hydro One Limited of Toronto, Canada, has purchased Spokane-based Avista Corp. for $5.3 billion, creating one of North America’s largest regulated utilities. The combined companies said Wednesday they will have $25.4 billion in assets. The companies will serve more than 2 mil..
California American Water Acquires Oxbow Marina Mutual Water Company
California American Water has completed its acquisition of the Oxbow Marina Mutual Water Company in Sacramento. Under the terms of an agreement approved by the California Public Utilities Commission, California American Water will be providing its newly welcomed customers with state-regulated potabl..
Illinois American Water Acquires Forest Homes-Maple Park Public Water District
Illinois American Water has acquired the Forest Homes-Maple Park Public Water District. The purchase of the system adds approximately 500 customers to the company’s customer base in the Alton District. In a public referendum on Nov. 3, 2016, residents of Forest Homes-Maple Park Public Water Distric..
IES Holdings Acquires NEXT Electric
IES Holdings, Inc. has acquired 80% of the membership interests in NEXT Electric, LLC, a Milwaukee, Wisconsin-based electrical contractor specializing in the design, installation and maintenance of electrical systems for commercial, industrial, healthcare, water treatment and education markets. NEX..
CommScope to Acquire Cable Exchange
CommScope, a global leader in infrastructure solutions for communications networks, has agreed to acquire Cable Exchange, a privately held quick-turn supplier of fiber optic and copper assemblies for data, voice and video communications. Cable Exchange, headquartered in Santa Ana, Calif., manufactu..
Westar, Great Plains Announce New Plans for $14B Merger
TOPEKA, Kan. (AP) — Westar Energy and Great Plains Energy have announced a revamped plan to merge after Kansas regulators scuttled an earlier deal. The Topeka Capital-Journal (http://bit.ly/2u9t3IX ) reports that the deal announced Monday morning would form a utility with a combined equity value of..
- Intrepid Fiber breaks ground on fiber optic network in Superior, Colo.
- Excavator collides with I-95 overpass in Henrico, Va., causing multi-vehicle crash
- Shrewsbury, Mass., expands sewer inspections and cleaning efforts
- Construction worker killed in trench collapse near Prosperity, S.C.
- Two workers rescued after hours trapped in Mich. trench collapse
- Texas contractor penalized by OSHA for repeated trench safety violations
- Final construction phase kicks off for Indianapolis deep rock tunnel
- WES tunnel boring machine retrieved from Oregon river after seven-month project
- Illinois overhauls Peoples Gas pipeline program, mandates focus on high-risk pipes
- Ameren Illinois to invest $140 million in natural gas pipeline replacement program