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Severn-Trent Spins Off North American Unit

Author : Internet From : globalspec Release times : 2017.11.30 Views : 1296

UK-based Severn Trent Plc. approved a plan to sell its North American business operations, forming a standalone American company, Severn Trent-North America.

The U.S. business will now be owned by a group led by the current U.S. management team and backed by U.S. investors with an emphasis on the infrastructure and industrial sectors, PPC Enterprises LLC and Alston Capital Partners LLC. The separation is effective immediately.

The new standalone company will have a new name and corporate identity by the end of 2017.

Severn Trent-North America works in municipal and industrial sectors across the U.S. It plans to expand and enhance its services, investments and innovations across its core areas, including: operation and maintenance of water and wastewater systems, management of community infrastructure, and related services.

To contact the author of this article, email david.wagman@ieeeglobalspec.com

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Severn-Trent Spins Off North American Unit

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