For Immediate Release
Madison Street Capital Advises on the sale of Water & Waste Water Systems for multiple Louisiana Parishes to Utilities Inc.
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 providing corporate financial advisory services, merger and acquisition expertise, financial opinions, and valuation services. MSC has offices in North America, Asia, and Africa. MSC provides an integrated, full service approach to both strategic and financial advisory that delivers solutions to clients across the globe. MSC industry specialists advise a wide array of financial services companies on the entire spectrum of corporate issues including M&A Advisory, Debt Placement, Portfolio Valuation (ASC 820 and IAS 39 compliant) and Restructuring. 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.