Ancala acquires water and waste water services provider, Aquatrine Package A, from Kelda Water Services
Ancala Partners LLP (“Ancala”), the independent mid-market infrastructure investment manager, today announces that it has acquired Aquatrine Package A (“Aquatrine”), from Kelda Water Services (“KWS”), a subsidiary of Kelda Group. Aquatrine delivers one of the largest water and waste water Private Finance Initiative contracts in Europe for the Ministry of Defence (“MOD”). With immediate effect the business will be rebranded as Ancala Water Services (“AWS”).
Under the terms of the contract, Aquatrine provides water, wastewater, fire system maintenance and specialist estate management services to the MOD and customers in the MOD Estate, across more than 1,100 sites in Wales, South West England and parts of the Midlands and South East England.
The asset base covered by the contract includes boreholes, reservoirs, surface water pumping stations, sewage pumping stations, treatment works, distribution mains, oil and water interceptors, sewers and meters.
Ancala will support the existing management team led by David Godfrey and the mobile and highly skilled workforce to continue to provide excellence to the MOD through improved customer service delivery. Ancala is committed to providing value for money services, security of supply and environmental sustainability. Under the terms of the agreement, AWS will immediately assume responsibility for all the staff providing strategic, customer and back office support.
David Owens, Industry Partner at Ancala Partners and a former Chief Executive Officer at Thames Water, will join the AWS board as Chairman.
Spence Clunie, Managing Partner at Ancala Partners, commented:
“AWS is an important investment for Ancala and we believe our sector expertise, commitment to public service excellence and ability to deploy new capital means we are an ideal partner for the MOD.”
David Owens, Industry Partner, Ancala Partners, commented:
“We are delighted to have the opportunity to work with David and his experienced management team, which has built a performance-driven culture with a focus on compliance, customer service delivery, people and safety. Since being awarded this contract the team has established a successful working relationship with the MOD and we look forward to building on this strong delivery platform to further improve customer service and value for money for the MOD.”
David Godfrey, General Manager, Ancala Water Services, commented:
“We are excited by the acquisition by Ancala and believe they are an ideal partner to enable us to continue delivering high quality water and wastewater services to the MOD. We have a strong track record with the MOD and believe that this can be further enhanced by the expertise and investment on offer from the team at Ancala.”
About Ancala Partners
Ancala Partners is an independent infrastructure investment manager.
Ancala launched its Mid-Market Infrastructure Platform in 2015 to meet the requirements of long-term investors looking for enhanced returns from core mid-market infrastructure investments. Ancala has over €950 million in funds under management.
About Ancala Water Services
Ancala Water Services (AWS) delivers the Aquatrine Package A contract, a 25-year water and wastewater services PFI agreement with the MoD, which was entered into in 2003. AWS provides water and sewerage services to approximately 1,100 military facilities.