Mayer Brown advised PGGM, a Dutch asset manager, on its $601 million acquisition of a 20% stake in SUEZ Water Resources Inc., the subsidiary of SUEZ S.A., a French public company, specializing in the water and waste cycle management business in the US.
With this acquisition, PGGM will expand its investments in water infrastructure, including fifteen regulated water utilities, mainly concentrated in the Northeast region of the US.
Suez North America, founded as the Hackensack Water Company in 1869 and later named United Water, is an American water service company headquartered in Paramus, New Jersey. It owns and operates 16 water and waste water utilities, and operates 90 municipal water and waste water systems through public-private partnerships and contract agreements.
The Mayer Brown team was led by partner Paul Crimmins (Picture) and associate Valentine Bleicher in Chicago.
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