Southwest Water Goes Private

Southwest Water in the US has become a private entity following the completion of a $427m merger with institutional investors.

The Los Angeles-based company provides water services including production, treatment and distribution, wastewater collection and treatment, as well as infrastructure construction management.

The utility operates water and wastewater treatment systems in Alabama, California, Mississippi, Oklahoma and Texas.

The water company has not disclosed the specific partners of the institutional investor group, but it says it will serve customers better by going private.