# Clearford Water Systems to acquire ASI Water assets

Clearford Water Systems has entered into a purchase agreement to acquire the water and wastewater assets of ASI Group Ltd for $5 million in cash and $1 million in preferred shares.

- Type: Acquisition
- Announced: 2019-05-09
- Where: Ontario, Canada
- Value: $6.00M
- Status: announced
- Products: water and wastewater treatment services
- Sectors: [Water Treatment Equipment](https://endata.com/sectors/water-treatment-equipment.md)

## Companies

- [Clearford Water Systems](https://endata.com/companies/28447.md) (acquirer)
- [ASI Group](https://endata.com/companies/39401.md) (target)

## Sources

- [waterworld.com](https://www.waterworld.com/wastewater-treatment/article/14009284/clearford-water-systems-to-acquire-asi-water), 2019-05-09: "The acquisition of ASI Water is a major step forward for Clearford in delivering on our long-term strategy of becoming a water utility."
- [newswire.ca](https://www.newswire.ca/fr/news-releases/clearford-announces-closing-of-purchase-of-asi-water-advancing-business-plan-to-transition-into-a-water-utility-814037887.html), 2019-05-15: "The engineering and operations expertise of the ASI Water team complements Clearford's existing capabilities and positions the Company as a leading provider of decentralized and small water system solutions in Ontario."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.