South Staffordshire Water - History

History

Timeline

• 1853 South Staffordshire Waterworks Company is formed
• 1858 Opening of the works in Walsall. Wednesbury is the first area supplied
• 1860 Tipton and West Bromwich receive water supplies
• 1862 SSWC take over Dudley Waterworks. Netherton and Oldbury receive water supplies
• 1864 SSWC take over Burton Waterworks
• 1875 Cannock area supplied
• 1929 SSWC take over Kinver Waterworks.
• 1953 Blithfield Reservoir, near Rugeley, is opened by Queen Elizabeth The Queen Mother
• 1962 SSWC take over Tamworth Water Works
• 1991 South Staffordshire Waterworks Company became a public limited company in 1991 and was listed on the London Stock Exchange as South Staffordshire Water.
• 1992 South Staffordshire Water Holdings (eventually South Staffordshire Group Plc) was created to grow non-regulated businesses.
• 1996 Blithfield Education Centre is opened by Bill Oddie
• 2004 South Staffordshire Group Plc (which became Homeserve Plc) de-merged South Staffordshire Plc, which included South Staffordshire Water, Echo, Rapid, Underground Pipeline Services and Aqua Direct, as a separate listed company on the London Stock Exchange.
• 2004 Acquired by Arcapita Bank, a Bahrain company, at a price of £11.20 per share (£237m including debt) and delisted from the Stock Exchange.
• 2007 Acquired by Alinda Infrastructure Fund, a European and American investor in infrastructure assets.
• 2013 Acquired by KKR & Co. L.P. (formerly known as Kohlberg Kravis Roberts & Co.), an American multinational private equity firm, specializing in leveraged buyouts, headquartered in New York.