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Market Research Report

Do Fair Market Value Policies Drive Water & Wastewater Utility Acquisitions?

Published by Bluefield Research Product code 986056
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Do Fair Market Value Policies Drive Water & Wastewater Utility Acquisitions?
Published: January 25, 2021 Content info:
Description

Since 2015, Bluefield has tracked approximately 130 system acquisitions, annually, of which only a share have been executed using Fair Market Value (FMV). It is evident from the data that the states and their respective policies are not created equal in terms of asset ownership, size, and regulator experience. They do, however, present a foundation for growth in utility M&A that is already being exhibited in select states.

In this Market Insight:

  • FMV adoption and timeline
  • State ranking of FMV opportunities
  • Leading IOU service territories
  • Key policy differences between states
  • Mapping deal flow, geographically
  • FMV movers & shakers

COMPANIES MENTIONED:

  • American Water
  • Aqua America
  • Liberty Utilities
  • San Jose Water
  • Suez
Table of Contents

Table of Contents

Key slides:

  • The Role of Fair Market Value Legislation
  • Defining Fair Market Value Legislation
  • FMW Policies Takes Hold in New States
  • All FMW Are Not Created Equal
  • Leading Investor-owned Utilities (IOUs) at The Forefront of FMW Adoption
  • Breaking Down Key Policy Differences
  • Mapping the Deal Flow, Geographically
  • FMV Transactions Tilt toward Larger System Sizes
  • FMV Deals Favor Publicly Owned Systems
  • FMW Plays Small Role Even in Active States
  • FMW Drives up Purchase Price of System Assets
  • FMW Market Movers & Shakers
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