SouthWest Water’s private future
- From: Vol 11, Issue 3 (March 2010)
- Category: General
- Region: Americas
- Country: United States
- Related Companies: Janney Montgomery Scott, JP Morgan, Southwest Water and Water Asset Management
Water Asset Management has taken advantage of the investor-owned utility’s accounting irregularities to make an offer for the company. Private ownership may be the best thing that has happened to the California-based company.
While many have cast longing glances at the comely assets of California- based SouthWest Water, its acquisition by JP Morgan Water Asset Management and Water Asset Management LLC still took water investment experts by surprise.
Matt Diserio, co-founder of Water Asset Management, called the chance to buy SouthWest a ‘unique opportunity’, as it opens up a customer base both in ...
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