Consolidated Water Co. Ltd. (CWCO): M&A transaction — Consolidated Water buys remaining 39% of PERC Water for $7.8M

Consolidated Water Co. Ltd.

Consideration: $2.44M cash + 368,383 shares valued at ~$5.36M (based on opening price Jan 4, 2023).
PERC generated $17.8M revenue in first 9 months of 2022, up from $13.4M in full-year 2021.
Active projects: $82M water treatment plant in Goodyear, AZ; 10-year $49.2M O&M contract in SoCal.
CEO Rick McTaggart says acquisition enhances shareholder value; sellers took stock.

item 1.01 item 2.01 item 3.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Consolidated Water Co. Ltd. completed an acquisition involving Johan Perslow, Nathan Owen, Steven Owen and Colton Schmidt for approximately $2.44 million in cash and 368,383 shares of the Company’s common stock, having a value of approximately $5.36 million (closed 2023-01-04).

Action: acquisition
Counterparty: Johan Perslow, Nathan Owen, Steven Owen and Colton Schmidt
Consideration: approximately $2.44 million in cash and 368,383 shares of the Company’s common stock, having a value of approximately $5.36 million
Closing: 2023-01-04

Exact text from the filing

On January 4, 2023, CW-Holdings entered into a stock purchase agreement (the “Purchase Agreement”) with Johan Perslow, Nathan Owen, Steven Owen and Colton Schmidt (collectively, the “Sellers”), pursuant to which CW-Holdings acquired the Remaining Interest in exchange for approximately $2.44 million in cash and 368,383 shares of the Company’s common stock, having a value of approximately $5.36 million based upon the opening trading price of the Company’s common stock on The Nasdaq Global Market on the date of the transaction.

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Consolidated Water Co. Ltd. entered into Purchase Agreement with Johan Perslow, Nathan Owen, Steven Owen and Colton Schmidt (collectively, the "Sellers") valued at approximately $2.44 million in cash and 368,383 shares of the Company’s common stock, having a value (effective 2023-01-04).

Action: entry
Agreement: asset purchase
Counterparty: Johan Perslow, Nathan Owen, Steven Owen and Colton Schmidt (collectively, the "Sellers")
Value: approximately $2.44 million in cash and 368,383 shares of the Company’s common stock, having a value
Effective: 2023-01-04

Exact text from the filing

On January 4, 2023, CW-Holdings entered into a stock purchase agreement (the "Purchase Agreement") with Johan Perslow, Nathan Owen, Steven Owen and Colton Schmidt (collectively, the "Sellers"), pursuant to which CW-Holdings acquired the Remaining Interest in exchange for approximately $2.44 million in cash and 368,383 shares of the Company’s common stock, having a value of approximately $5.36 million based upon the opening trading price of the Company’s common stock on The Nasdaq Global Market on the date of the transaction.

View on SEC.gov

68 m&a transactions filed in the last 30 days. Browse all m&a transactions →

Consolidated Water Co. Ltd. filing history →

Source: SEC EDGAR

accession 0001558370-23-000131

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