M&A Deal Summary

Suez Acquires Heritage Hills Water & Sewer Systems

On January 8, 2021, Suez acquired utilities company Heritage Hills Water & Sewer Systems for 7M EUR

Acquisition Highlights
  • This is Suez’s 2nd transaction in the Utilities sector.
  • This is Suez’s 2nd largest (disclosed) transaction.
  • This is Suez’s 3rd transaction in the United States.
  • This is Suez’s 1st transaction in New York.

M&A Deal Summary
Date 2021-01-08
Target Heritage Hills Water & Sewer Systems
Sector Utilities
Buyer(s) Suez
Deal Type Add-on Acquisition
Deal Value 7M EUR

Target

Heritage Hills Water & Sewer Systems

New York, New York, United States
Heritage Hills Water & Sewer Systems include five wells, one treatment plant, and two storage tanks, and the sewage system consists of one treatment plant and two lift stations.

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Buyer(S) 1

Buyer

Suez

Paris, France
Category Company
Founded 1869
Sector Utilities
Revenue 17.2B EUR (2020)
DESCRIPTION

Suez Environment supplies drinking water to 92 million people, provides waste water treatment services for 65 million people and collects the waste produced by 52 million people. Suez was founded in 1869 and is based in Paris, France.

DEAL STATS #
Overall 8 of 11
Sector (Utilities) 2 of 2
Type (Add-on Acquisition) 6 of 9
State (New York) 1 of 1
Country (United States) 3 of 3
Year (2021) 1 of 2
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-26 Environmental Development

Jubail industrial City, Saudi Arabia

Environmental Development Co. Ltd. is a Saudi hazardous waste management company provides hazardous waste management and environmental services to industries in Saudi Arabia, mostly petrochemical companies. Jubail is the largest industrial city in the Middle East located on the Arabian Gulf coast and holds the world’s largest single industrial development project.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-18 Suez S.A. - OSIS Business

Paris, France

Suez S.A. - OSIS Business is a multi-specialist in sewerage services. OSIS operates complementary business segments: sewerage and liquid waste collection, industrial cleaning, and building hygiene.

Sell €298M
Mergr

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