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Thursday
March 1, 2007 Source: Business Wire |
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Los Angeles, CA - Southwest Water
Company (NASDAQ:SWWC) today announced that it has purchased North
Mississippi Utility Co., Inc. which is comprised of five water and
wastewater systems that serve approximately 800 residents in Desoto
County, a growing area just south of Memphis.
"This transaction augments our existing contract services operations in northern Mississippi and dovetails with our strategy of expanding into geographic markets with high population growth rates," said Mark A. Swatek, chief executive officer and chairman of Southwest Water. "Our contract services division continues to complement the utilities side of our business by, among other things, serving as an excellent catalyst with regard to acquisition opportunities." Southwest Water Company provides a broad range of services including water production, treatment and distribution; wastewater collection and treatment; utility billing and collection; utility infrastructure construction management; and public works services. The company owns regulated public utilities and also serves cities, utility districts and private companies under contract. More than two million people from coast to coast depend on Southwest Water for high-quality, reliable service. Additional information may be found on the company's website: www.swwc.com Contact: Southwest Water Company
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