Clearford acquires Ontario private water utility

Clearford Water Systems Inc. acquired a privately owned local water utility in Ontario's Niagara Region for an undisclosed amount. The utility provides drinking water to approximately 300 residents on Lake Erie.

“We expect to increase the recurring revenue and operational profit generated from this new utility in the coming years as we implement best management practices and evaluate strategic upgrades that will lower the overall operating costs for the utility.”lelezard.com

• 1 source
• lelezard.comClearford Announces the Acquisition of an Ontario Private Water Utility, and Additional Debt FinancingJun 4, 2018

Summarized from public sources; check the original articles before acting on it.