M&A Deal Summary

Aqua Virginia Acquires Caroline Water Co.

On September 8, 2014, Aqua Virginia acquired utilities company Caroline Water Co. for 1M USD

Acquisition Highlights
  • This is Aqua Virginia’s 1st transaction in the Utilities sector.
  • This is Aqua Virginia’s largest (disclosed) transaction.
  • This is Aqua Virginia’s 1st transaction in the United States.
  • This is Aqua Virginia’s 1st transaction in Virginia.

M&A Deal Summary

Date 2014-09-08
Target Caroline Water Co.
Sector Utilities
Buyer(s) Aqua Virginia
Deal Type Add-on Acquisition
Deal Value 1M USD

Target

Caroline Water Co.

Ruther Glen, Virginia, United States
Caroline Water Company, Inc. operates a water treatment facility. Company serves about 3,000 people in the Lake Caroline community in Ruther Glen, Virginia.

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Buyer(S) 1

Buyer

Aqua Virginia

Richmond, Virginia, United States

Category Company
Sector Utilities
DESCRIPTION

Aqua Virginia, Inc. provides water and wastewater service to approximately 75,000 residents.


DEAL STATS #
Overall 1 of 2
Sector: Utilities M&A 1 of 2
Type: Add-on Acquisition M&A Deals 1 of 2
State: Virginia M&A 1 of 1
Country: United States M&A 1 of 2
Year: 2014 M&A 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-18 Wintergreen Valley Utility Company

Vermont, United States

Wintergreen Valley Utility Company LP is a provider of water and wastewater systems.

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