Who owns the water pipes beneath your street? Increasingly, it is a private company, a shift from the mostly public ownership of the systems used to provide drinking water and remove waste that has prevailed in the U.S. since the early 1900s. In the first half of 2017, companies spent, or planned to spend, about $2 billion in a total of 53 deals involving water and wastewater utilities. The biggest, energy giant Eversource’s recent $1.7 billion acquisition of water company Aquarion in New England, is still pending, according to Bluefield Research.
Source: Rachel Layne