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Aquarion Water history
Aquarion Water company history timeline
A special act of the Connecticut General Assembly led to formation of the Bridgeport Hydraulic Company (BHC) in 1857.
Another key figure was Samuel P. Senior, who had joined BHC as engineer and superintendent in 1901 and would remain with the company for 61 years.
The first of these executives was Doctor Ira DeVer Warner, who was named president in 1903.
An important development occurred in 1913 when DeVer H. Warner succeeded his father as company president.
In fact, by the war's end in 1918, Bridgeport required a massive 13 billion gallons of water per year.
In 1931 Bunnell's Lower Reservoir was given to the City of Bridgeport, and the site was converted into Beardsley Park Pond.
The Saugatuck dam was finished in January 1942, and after the reservoir had filled, the new facility was brought online during the summer of that year.
Net income totaled $1.45 million that year, down slightly from $1.57 million in 1965.
In October 1968, a holding company named the Hydraulic Company was formed in Delaware, in order to serve as BHC's parent and allow for the expansion into non-water utility businesses.
On August 15, 1969, the Hydraulic Company acquired BHC in a share-for-share exchange of common stock.
The company rounded out the decade with the formation of a new timber enterprise named Timco Inc. in 1979.
In 1988 the company established Hydrocorp Inc. and obtained a quarter of the outstanding voting equity in SRK Holding Inc.
Finally, on July 28, 1989, the outstanding common stock of Industrial and Environmental Analysts Inc. was acquired in a $5.5 million deal.
A North Billerica, Massachusetts-based environmental testing lab named Eastern Analytical Laboratory Inc. was acquired in July 1990 by the company's Hydrocorp Inc. subsidiary.
Lucy joined Aquarion Water Company in 1990 and has progressed through numerous positions of increasing responsibility in the areas of Accounting, Human Resources, and Customer Services.
"The Hydraulic Company Is Now Aquarion Company (Display Ad)," New York Times, April 24, 1991.
Morrissey joined the company in 1995 and progressed through numerous financial positions of increasing responsibility, including Chief Financial Officer.
In May 1996, the Sea Cliff Water Company was acquired from Emcor Group Inc. in a $2.6 million cash deal.
BHC then merged with its three wholly owned subsidiaries—Ridgefield Water Supply, Stamford Water, and New Canaan Water—on December 31, 1996.
On January 7, 2000, Aquarion was acquired by the United Kingdom's Kelda Group plc in a deal valued at $596 million, including about $141 million in debt.
"Kelda Group plc, Aquarion Close on the Acquisition of American Water Works New England Operations," Business Wire, May 2, 2002.
"Aquarion Company Announces Senior Management Changes," Business Wire, June 30, 2003.
Dan joined Aquarion in 2014 as Director of Engineering and Planning.
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Aquarion Water competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| American Water | 1886 | $3.9B | 7,100 | 335 |
| California Water Service | 1926 | $1.0B | 3,000 | 47 |
| Middlesex Water | 1897 | $191.9M | 347 | 37 |
| Tucson Electric Power | 1892 | $1.6B | 1,719 | 36 |
| IS International | 1997 | $3.0M | 84 | 40 |
| Institute of Nuclear Power Operations | 1979 | $16.0M | 265 | - |
| EON | 2010 | $44.8B | 78,126 | 4 |
| ONE Gas | 2014 | $1.8B | 3,600 | 69 |
| The United Illuminating Company | 1899 | $590.0M | 750 | - |
| CURRENT Group | 2000 | $960,000 | 50 | - |
Aquarion Water history FAQs
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Aquarion Water may also be known as or be related to Aquarion Company, Aquarion Water and Aquarion Water Company.