Water/Wastewater
Severn Trent Services Acquires Operating Contracts from SouthWest Water Company
Jun 03 2013
Severn Trent Services (UK) have announced an agreement to acquire substantially all the remaining assets of SWWC Services, Inc., a wholly-owned subsidiary of SouthWest Water Company. Under the agreement, Severn Trent will assume operation of all municipal and private water and wastewater treatment facilities in California formerly operated by SWWC Services, Inc. through public-private partnerships.
The 14 acquired contracts represent approximately $8M in annual revenue. This greatly expands the number of Severn Trent’s public-private partnerships in California. Severn Trent currently operates more than 400 water and wastewater treatment facilities in 21 states.
From the outset of the transition, Severn Trent will work with the utility owners to generate long-term savings by improving efficiencies, effectively managing municipal assets and reducing risk. “We look forward to providing the same high level of operation, maintenance and customer service offered to all our current clients across the United States,” noted Dana Kaas, vice president, Operating Services for Severn Trent Services. “Beginning on day one, we will work to seamlessly transition these projects to Severn Trent Services while endeavoring to establish long-term partnerships with our newest clients.”
Since 1946, SouthWest Water Company has provided a full range of professional water and wastewater services. The company’s core expertise is the management, operation and maintenance of water and wastewater treatment and distribution systems.
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