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
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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Buyer(S) 1

Buyer

Magnolia Water Utility Operating

Louisiana, United States
Category Company
Sector Utilities
DESCRIPTION

Magnolia Water Utility Operating Co. brings safe, reliable wastewater services every day. The company works with the Louisiana Department of Environmental Quality to improve water systems so that community can count on its water resources for generations to come. Magnolia Water Utility Operating Company is regulated by the Louisiana Public Service Commission (PSC).

DEAL STATS #
Overall 1 of 1
Sector (Utilities) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Louisiana) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
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