M&A Deal Summary |
|
|---|---|
| Date | 2019-02-08 |
| Target | U.S. Water Services |
| Sector | Environmental |
| Buyer(s) | Kurita Water Industries |
| Sellers(s) | Allete |
| Deal Type | Divestiture |
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| Category | Company |
|---|---|
| Founded | 1949 |
| Sector | Environmental |
| Employees | 7,981 |
| Revenue | 384.8B JPY (2024) |
Kurita Water Industries is engaged in a wide spectrum of water- and environment-related business, including business related to water treatment facilities, highly advanced analysis of water quality and manufacture and sale of small-sized water treatment devices for household use. Kurita Water Industries was founded in 1949 and is based in Tokyo, Japan.
| DEAL STATS | # |
|---|---|
| Overall | 3 of 4 |
| Sector (Environmental) | 2 of 3 |
| Type (Divestiture) | 2 of 2 |
| State (Minnesota) | 1 of 1 |
| Country (United States) | 2 of 2 |
| Year (2019) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-05-29 |
Fracta
Redwood City, California, United States Fracta, Inc. is a provider of software service for predicting water main degradations by applying artificial intelligence (AI) and machine learning (ML). Fracta, Inc. was established in 2015 and is based in Redwood City, California. |
Buy | $37M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-04-19 |
Keytech Water Management
Kitchener, Ontario, Canada Keytech Water Management is a regional industrial water treatment company that offers their clientele a complete water management approach in the supply of innovative chemistries, complete equipment systems, and full-support, technical services assisting their customers in effectively maintaining their systems while achieving savings in water and energy. Keytech Water Management was established in 1981 and is based in Kitchener, Ontario. |
Buy | - |
Allete is an energy company operating Minnesota Power, an electric utility that serves 150,000 residents, 14 municipalities, and industrial customers. In addition to Minnesota Power, the company owns Superior Water, Light and Power, based in Superior, Wisconsin, Allete Clean Energy, based in Duluth; BNI Energy in Bismarck, N.D.; and New Energy Equity. ALLETE was founded in 1906 and is based in Duluth, Minnesota.
| DEAL STATS | # |
|---|---|
| Overall | 3 of 3 |
| Sector (Environmental) | 1 of 1 |
| Type (Divestiture) | 3 of 3 |
| State (Minnesota) | 1 of 1 |
| Country (United States) | 3 of 3 |
| Year (2019) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-02-10 |
U.S. Water Services
St. Michael, Minnesota, United States U.S. Water Services is a provider of integrated industrial solutions for water treatment. U.S. Water Services was founded in 1997 and is based in St. Michael, Minnesota. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-03-02 |
New Energy Equity
Annapolis, Maryland, United States New Energy Equity is a solar development company, having successfully completed more than 250 projects across the nation totaling more than 310 megawatts. New Energy Equity also offers comprehensive solar operations, maintenance, and asset management services to its customers. New Energy Equity was founded in 2013 and is based in Annapolis, Maryland. |
Buy | $166M |
