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Maricopa shelves idea of buying water company

Posted by   /  September 8, 2017  /  No Comments

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The Maricopa City Council discussed the possibility of purchasing Global Water but learned the company was not interested in selling.
Rofida Khairalla/PinalCentral

By Bathany Blundell | PinalCentral

Global Water is not for sale.

That was the response Ron Fleming, president and CEO of the company, gave to the Maricopa City Council after listening to a presentation about the city’s interest in acquiring the local utility.

The city was interested in purchasing two utilities: the Palo Verde site that manages wastewater and the Santa Cruz site for water. These two properties make up 95 percent of Global Water’s gross revenues.

The city hired Piper Jaffray, an investment bank and asset management firm, to conduct research on the possibility of acquiring Global Water and the costs associated with that.


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