International Investment Banking Firm Assisted Water/Waste Water Utilities in Sale of all assets
Chicago — (August, 2014) — Madison Street Capital, LLC (Madison Street Capital) acted as the exclusive advisor to the Water & Waste Water Systems in the Parishes of Morehouse, Richland, Winn, Jackson, Bienville and Madison in their sale to Utilities Inc., a water/waste water utility company in North Eastern Louisiana. The announcement was made today by Charles Botchway, Chief Executive Officer of Madison Street Capital. The transaction team was led by Jay Rodgers, Managing Director at Madison Street Capital. Terms of the deal were not disclosed.
“We are happy to continue playing a positive role in helping shape the utilities landscape in Louisiana for the better,” said Charles Botchway, CEO of Madison Street Capital. “These systems are now positioned to provide better and improved services to the communities they serve under the guidance of the team at Utilities Inc.”
Utilities, Inc. of Louisiana is pleased to have crossed the finish line on these acquisitions. We can now focus on making the necessary improvements to the systems and ultimately achieving everyone’s goal of delivering safe, reliable water and wastewater service to our new customers while protecting the environment,” said Don Sudduth, President of Utilities Inc.
About Madison Street Capital, LLC:
Madison Street Capital, is an international investment banking firm committed to integrity, excellence, leadership and service in delivering corporate financial advisory services, merger and acquisition expertise, financial opinions, and valuation services to publicly and privately held businesses. These services position our clients to succeed in the global marketplace. In undertaking each new project, the client’s goals and objectives become ours, ranging from financial advisory and successful capital raises to M&A transactions to transfers of ownership. Madison Street Capital views emerging markets as the core component driving the global growth of our clients, and will continue to focus significant assets on these markets. Our firm has earned the trust of clients around the world through our unwavering dedication to the highest levels of professional standards. For more information call us 312 529 7000 or visit our website at: www.madisonstreetcapital.com.
About Utilities Inc:
Utilities Inc., is a wholly owned subsidiary of Corix Utilities based in British Columbia, Canada. UI is one of the largest privately owned water & wastewater utilities in the U.S, serving customers in 15 states. Utilities, Inc. was founded in 1965 and, in its early years, focused on water and wastewater utility acquisitions and formations in the Midwest. During the early 1970s, the company expanded operations into high growth areas in the Southeast. By the 1980s, Utilities, Inc. successfully pursued large, multi-state acquisitions. The company acquired many systems that didn’t comply with the requirements of the Safe Drinking Water Act of 1974 and the Clean Water Act of 1977, and improved the facilities to meet and exceed legal mandates. Today, Utilities, Inc. is backed by a private equity owner with extensive capital to fuel the company’s continued growth. Utilities, Inc. has long believed that strong financial investment backing is the best approach for the company’s solid operational stability and outstanding customer satisfaction.