Aqua America’s pruning policy
- From: Vol 9, Issue 1 (January 2008)
- Category: General
- Region: Americas
- Country:
- Related Companies: Aqua America, AquaSource and Heater Utilities
The race to acquire water assets has inevitably left a few underperforming systems on Aqua America’s books. Now CEO Nick DeBenedictis is looking to spruce up his portfolio by pruning off the withered branches.
Since the mid-1990s, the big game for the large investor-owned utilities in the US has been to buy up water systems, sometimes hundreds at a time. Aqua America has been one of the most visible proponents of this practice, but now CEO Nick DeBenedictis has ushered in what he terms a “pruning policy”, to weed out and dispose of underperforming ...
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