Algonquin Power & Utilities Corp.’s $172.5 Million Acquisition of Empresa de Servicios Sanitarios de Los Lagos


Carey advised on the transaction

Algonquin Power & Utilities Corp. executed its $172.5 Million acquisition of Empresa de Servicios Sanitarios de Los Lagos.

Algonquin Power & Utilities Corp. owns and has interests in a diverse portfolio of renewable power generation and sustainable infrastructure assets across North America. The company, led by Kenneth Moore, Christopher K Jarratt and Arun Banskota in 2019 recorded $1.624 million revenues.

Empresa de Servicios Sanitarios de Los Lagos S.A., doing business as ESSAL, operates as a water utility company. The Company provides drinking water and wastewater services.

In Chile, Carey advised Algonquin Power & Utilities Corp. with a team including Alberto Cardemil (Picture), Cristián Eyzaguirre, Francisco Guzmán, Andrés Latorre, Benjamín Sáa, Camila Lavín and Manuel José Barros.

Involved fees earner: Manuel José Barros – Carey; Alberto Cardemil – Carey; Cristián Eyzaguirre – Carey; Francisco Guzmán – Carey; Andrés Latorre – Carey; Camila Lavín – Carey; Benjamín Sáa – Carey;

Law Firms: Carey;

Clients: Algonquin Power & Utilities Corp.;

Author: Ambrogio Visconti.