ALLETE Subsidiary Strengthens Presence in Southwestern U.S. Water Market with Acquisition
November 18 2016 - 6:30AM
Business Wire
ALLETE Inc. (NYSE: ALE) announced today that its wholly owned
subsidiary U.S. Water Services has purchased Water & Energy
Systems Technology (WEST) Inc.
WEST, based in Southern California, provides specialty chemicals
and engineering services for water treatment in commercial and
institutional facilities, light industry, oil extraction and
refining, and central heating/cooling plants. The company has been
helping customers reduce operating costs related to water and
energy use for nearly 20 years and is dedicated to partnering with
customers to provide exceptional results.
“This strategic tuck-in acquisition expands U.S. Water’s
footprint in the California market, where sustainable solutions for
water conservation are in increasing demand,” said ALLETE
President, Chairman and CEO Alan R. Hodnik. “The purchase of WEST
demonstrates ALLETE’s strategy of supporting the continued growth
of U.S. Water both organically and through acquisitions as the
company expands in the U.S. and Canada. It also exemplifies
ALLETE’s focus on the water-energy nexus and the company’s strategy
to deliver a sustainable future for our industries, our customers,
our shareholders and our nation.”
Based in St. Michael, Minnesota, U.S. Water has a national
footprint and serves a growing and diverse mix of more than 4,000
industrial customers, including a significant number of Fortune 500
companies. U.S. Water provides integrated water management for
industry by combining chemicals, equipment, engineering and service
for customized solutions to reduce water and energy use and improve
efficiency. U.S. Water has a deep commitment to addressing the
water issues in California and the southwestern United States, and
the acquisition of WEST will support efforts in this region.
“The addition of WEST to the U.S. Water family broadens our
national footprint by adding a production facility in this part of
the country and also strengthens our reach in several key
industries,” said Allan Bly, U.S. Water CEO. “We are very excited
to have WEST join the U.S. Water family. Their experienced and
customer-focused engineers will be a great addition to our
team.”
ALLETE, Inc. is an energy company headquartered in Duluth,
Minnesota. In addition to its electric utilities, Minnesota Power
and Superior Water, Light and Power of Wisconsin, ALLETE owns
ALLETE Clean Energy, based in Duluth, U.S. Water Services in St.
Michael, Minn., BNI Energy in Center, N.D., and has an eight
percent equity interest in the American Transmission Co. More
information about ALLETE is available at www.allete.com.
ALE-CORP
The statements contained in this release and statements that
ALLETE may make orally in connection with this release that are not
historical facts, are forward-looking statements. Actual results
may differ materially from those projected in the forward-looking
statements. These forward-looking statements involve risks and
uncertainties and investors are directed to the risks discussed in
documents filed by ALLETE with the Securities and Exchange
Commission.
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version on businesswire.com: http://www.businesswire.com/news/home/20161118005044/en/
ALLETE Inc.Investor Contact:Vince Meyer,
218-723-3952vmeyer@allete.com
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