Apr 03, 2020

Business News 04/03/2020

The latest water & wastewater industry news 

business news

Sundyne’s & Warburg Pincus Partnership Accelerates Growth

Sundyne announced that Warburg Pincus has completed the acquisition of Sundyne, from BC Partners Advisors L.P. and The Carlyle Group.

The acquisition was initially announced on Jan. 6, 2020. Sundyne’s current management team led by CEO Mark Sefcik, will continue under Warburg Pincus’ ownership.

Sundyne and Warburg Pincus have launched a 90-day transition period to formally identify areas of opportunity for developing and funding strategic initiatives that will broaden product offerings and enhance customer services globally, reported the press release.

Washington Water Service Acquires Rainier View Water Company

Washington Water Service (Washington Water) has received approval from the Washington Utilities and Transportation Commission to acquire Rainier View Water Company’s (Rainier View Water) water system assets and provide water utility service to its 18,000 service connections. 

The transaction is expected to close in June 2020.

Rainier View Water serves about 35,000 people in parts of Graham, Spanaway, Puyallup, Gig Harbor, and other nearby areas through its 27 water systems. 

Kurita Water Industries Announces Merger Of U.S. Subsidiaries

Kurita Water Industries (Kurita) announced the completion of the merger of its consolidated subsidiaries in the U.S., including U.S. Water Services, Inc., Kurita America Inc., Fremont Industries, LLC, and Global Water Services Holding Company, Inc. 

The newly combined company will be known as Kurita America Inc., and will be headquartered in St. Michael, Minnesota. LaMarr Barnes, former CEO of U.S. Water, will lead Kurita America Inc., as CEO.

Veolia North America Recognized for Innovative Energy Efficiency Technology

Veolia North America was recently presented with a 2019 SEAL Environmental Initiative Award for its innovative Hubgrade smart monitoring system, which helps buildings better manage their energy use.

The SEAL (Sustainability, Environmental Achievement and Leadership) Environmental Initiative Award is part of the annual SEAL Business Sustainability Awards, recognizing firms throughout the U.S. for promoting a more environmentally sustainable business model.

“This award demonstrates why we are focusing our business growth on innovative energy solutions that increase energy service and facility O&M contracts,” said Jack Griffin, vice president and general manager-Boston for SourceOne, a Veolia subsidiary. “We are committed to driving significant energy efficiency savings for our customers.”

Networking News:

  • HOBAS Pipe USA, the leading supplier of large diameter fiberglass pipe in North America, would like to announce that Edward (Ed) Kocurek is stepping down as President and CEO. Ed has served the company for nearly 34 years in a variety of roles. He has presided as President, CEO of HPUSA for the past 20 years.

  • Martin W. Dana has been promoted to the position of President, CEO, effective Apr. 1, 2020.

  • HOBAS has announced Keithe J. Merl, P.E. as the newest member of the HOBAS Pipe sales team serving the Northeast US region.

  • Bill Musiak joins Cambrian Innovation as Vice President of North America Sales

  • Innovyze has announced Rick Gruenhagen as Chief Technology Officer.

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