American Water Acquires Environmental Management Corp.
— Mar 05, 2010
American Water, the largest investor-owned U.S. water and wastewater utility company, announced in December that its subsidiary, American Water Enterprises, has acquired Environmental Management Corp. (EMC) from The Linde Group. EMC, a Missouri-based company, provides integrated solutions for water, wastewater and other related assets. EMC has approximately 55 contract operations with industrial and municipal customers in the United States and Canada.
“American Water is very pleased to add a company of the caliber of EMC to our business,” said Don Correll, president and CEO of American Water. “EMC has solid experience in the development of sustainable and innovative solutions for the management of water and wastewater needs, as well as a portfolio of contracts that is very complementary to American Water Enterprises’ existing business. This acquisition will also bring a new element to AWE’s business with the addition of EMC’s large base of industrial customers and it will contribute to the earnings growth goals of American Water.”
EMC was formed in 1980 as a contract operations firm with a focus on municipal wastewater and water operations. For more than 20 years, EMC experienced steady growth and, by 2001, became one of the largest privately held contract operators in the United States. From 2002 to 2008, EMC transformed itself from a traditional operator to an integrated solutions provider, which allowed it to diversify its customer base to include the private sector in a variety of industries. With almost 300 employees and revenues of approximately $50 million in 2008, EMC provides its contract services for up to 20-year terms.
