Severn Trent – North America is now a standalone American infrastructure services company focused on operation and maintenance of water and wastewater systems, management of community infrastructure, and related services.
In the Greater Houston area, Severn Trent provides water and wastewater services to more than 120,000 residents. A long-time West Houston Association (“WHA”) member and a WHA Quality Growth Partner, its 300 local employees are proud to serve their neighbors in communities such as Bridgeland, Fairfield, Cinco Ranch, and many others.
On July 3, 2017, Severn Trent – North America (“ST-NA”) announced that its UK parent, Severn Trent Plc. (London: SVT.L), approved a plan to sell the North American business operations, forming an independent American company. The new standalone company will have a new name and corporate identity by the end of the year. In the interim, it will continue to use its current name, Severn Trent – North America.
“This change puts management closer to our core businesses—municipal water and wastewater systems, management of community infrastructure, and related services,” said Todd Burrer, Regional Director, Texas MUDs. “Our 40 plus year history in the MUD business, combined with the financial commitment of our investors, allows Severn Trent – North America to better serve the communities that have come to rely on our services.”
Nation-wide, ST-NA employs more than 1,500 people and serves more than 200 client utilities in 19 states. Its North American operations treats 497 million gallons of drinking water a day through 168 facilities, spanning more than 8,000 miles of collection and distribution lines. It also operates 208 wastewater facilities, treating 465 million gallons of waste water a day.
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 transaction enables the new independent company to sharpen its focus on the North American market while increasing the flexibility, speed, and agility that today’s infrastructure owners demand. Led by its existing management and leadership team, the company intends to invest significantly in capabilities and technologies that will continue to deliver more value to its customers.