SUEZ Completes Acquisition of Forest Park Water Group
October 30 2017 - 12:16PM
Business Wire
Company Will Invest $3.5 Million to Improve Service
SUEZ North America announced today that it has completed the
acquisition of the Forest Park Water Group, which serves
approximately 4,000 people through 13 water systems in Putnam
County and one system in Westchester County, New York. The water
systems, which consist of 30 wells, serve mostly residential homes,
condominiums and a few commercial sites.
“This acquisition is part of our strategy to help small water
companies surrounding our service territories meet the stringent
water quality regulations set forth by state and federal
government,” said Eric Gernath, CEO of SUEZ North America. “We can
bring our expertise and experience to ensure customers are provided
with a safe, secure supply of water.”
SUEZ has been operating the Forest Park water system since June
2016, when the New York State Public Service Commission (PSC)
appointed the company as the operator. For the past 15 months, the
SUEZ team has worked diligently to resolve difficulties that
customers had encountered with their water service. The company has
provided technical and financial support for needed
improvements.
“Our top priority has been to improve the individual water
systems so we can provide safe and reliable water service to our
customers,” said Chris Graziano, vice president of SUEZ operations
in New York. “We mobilized our water quality experts to address
some of the issues faced by these individual water systems and we
have been making steady progress.”
Graziano noted that SUEZ’ improvements to date include
rehabilitating wells to improve water quality, adding new pumps to
improve service reliability, reconstructing an interconnection
system to ensure a more reliable supply of water and replacement of
water meters to ensure accurate billing to customers.
Over the next five years, SUEZ will invest nearly $3.5 million
in other upgrades. These will include computerized operating
systems, security programs and long-term infrastructure
replacement.
Forest Park customers are invited to attend an open house to
meet their new water provider. The event will take place on Monday,
November 6 at 7 p.m. at the Mahopac Public Library, 668 Rt. 6,
Mahopac, NY.
About SUEZ in North America
SUEZ in North America operates across all 50 states and Canada
with 3,350 employees dedicated to environmental sustainability and
leading the resource revolution. The company provides drinking
water, wastewater and waste collection service to 7.3 million
people on a daily basis; treats 577 million gallons of water and
997 million gallons of wastewater each day; delivers water
treatment and advanced network solutions to 16,000 industrial and
municipal sites; processes 55,000 tons of waste for recycling;
rehabilitates and maintains water assets for more than 4,000
municipal and industrial customers; and manages $4.2 billion in
total assets. The company posted revenues of $1.275 billion in 2016
and is a subsidiary of Paris-based SUEZ.
About SUEZ
With 90 000 people on the five continents, SUEZ is a world
leader in smart and sustainable resource management. We provide
water and waste management solutions that enable cities and
industries optimize their resource management and strengthen their
environmental and economic performances, in line with regulatory
standards. To meet increasing demands to overcome resource quality
and scarcity challenges, SUEZ is fully engaged in the resource
revolution. With the full potential of digital technologies and
innovative solutions, the Group recovers 17 million tons of waste a
year, produces 3.9 million tons of secondary raw materials and 7
TWh of local renewable energy. It also secures water resources,
delivering wastewater treatment services to 58 million people and
reusing 882 million m3 of wastewater. SUEZ generated total revenues
of 15.3 billion euros in 2016.
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SUEZDeb Rizzi, 845-623-1500orBill
Madden, 845-623-1500