Consolidated Water Group Acquires Ramey Environmental Compliance, Broadening Presence In Water-Stressed Western U.S. For A Total Consideration Of $4.2M In Cash
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Consolidated Water Co. Ltd. (CWCO) has acquired Ramey Environmental Compliance (REC) for $4.2 million in cash. The acquisition will allow CWCO to expand its presence in water-stressed regions across Colorado. REC, which operates and maintains water and wastewater treatment facilities, currently services over 100 customers. The acquisition is expected to provide a new channel for CWCO's subsidiary, PERC Water Corporation, to expand its footprint.
November 06, 2023 | 9:23 pm
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The acquisition of REC by CWCO is expected to expand the company's presence in water-stressed regions across Colorado. This could potentially increase CWCO's customer base and revenues.
The acquisition of REC allows CWCO to expand its footprint in Colorado, a region experiencing significant water stress. This could potentially lead to an increase in CWCO's customer base and revenues, positively impacting its stock price in the short term.
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