M&A Deal Summary

Magnolia Water Utility Operating Acquires Guste Island Utility

On January 1, 2021, Magnolia Water Utility Operating acquired utilities company Guste Island Utility

Acquisition Highlights

This is Magnolia Water Utility Operating’s 1st transaction in the Utilities sector.
This is Magnolia Water Utility Operating’s 1st transaction in the United States.
This is Magnolia Water Utility Operating’s 1st transaction in Louisiana.

M&A Deal Summary
Date	2021-01-01
Target	Guste Island Utility
Sector	Utilities
Buyer(s)	Magnolia Water Utility Operating
Deal Type	Add-on Acquisition

Target

Guste Island Utility

Mandeville, Louisiana, United States
website

Guste Island’s facilities serve more than 1,200 residences and commercial customers in St. Tammany Parish. Guste Island has had a history of operational issues, most related to sediment in the drinking water. While projects were completed within the past year attempting to remedy these issues, including well screen repairs, removal of sediment from the hydropneumatic tank and water lines, and installation of automatic flushing devices, these sediment issues have persisted.

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