United Water to Acquire Utility Service Co.
United Water, through its parent company, SUEZ Environment, announced recently that it has signed an agreement to acquire Utility Service Company of Perry, Ga. The company is the nation's leading water tank maintenance service company with operations throughout the United States. The acquisition is expected to close in the second quarter this year.
"United Water provides water and wastewater services to hundreds of municipal and industrial clients throughout the United States, and this transaction will create even further opportunities for value-added growth for both companies," said Tony Harding, chief executive officer of United Water, one of the nation's largest water services companies.
Utility Service Company's business focuses mainly on maintenance, repair, and renovation of water tanks, but it also provides other asset management services such as sales and leasing of new tanks, and antenna site management. It has more than 4,000 water storage tanks under long-term service agreements with approximately 2,000 clients and a national sales staff of 40 representatives actively growing their business.
"We are very excited to become part of the United Water team," said Carl Cummings, chief executive officer of Utility Service Company. "As a private company we were looking for a partner that not only understood our business but also could establish trust and confidence with our management team."