---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-017999"
form_type: "8-K"
ticker: "CWCO"
cik: "0000928340"
company_name: "Consolidated Water Co. Ltd."
filed_at: "2023-11-07T23:59:59+00:00"
generated_at: "2026-06-08T18:43:26.130631+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Consolidated Water acquires Ramey Environmental Compliance for $4.2M cash

## Summary
- $4.2M all-cash acquisition of 100% of REC, effective Oct 1, 2023, closed Nov 2, 2023.
- REC operates/maintains water/wastewater facilities in Colorado's Rocky Mountains & Eastern Plains.
- REC services over 100 water/wastewater customers; expands PERC's footprint into water-stressed western U.S.
- REC founder Wayne Ramey and staff will continue, citing culture fit; potential for design-build projects in Colorado.
- More than 22% of Western U.S. in drought; Colorado population growth twice national average, driving demand.

## SEC filing metadata
- accession: 0001558370-23-017999
- form_type: 8-K
- ticker: CWCO
- cik: 0000928340
- company_name: Consolidated Water Co. Ltd.
- filed_at: 2023-11-07T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/928340/000155837023017999/0001558370-23-017999-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/928340/000155837023017999/cwco-20231102x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-017999
- JSON: https://secwatch.observer/filing/0001558370-23-017999.json
- Plain text: https://secwatch.observer/filing/0001558370-23-017999.txt

## Key facts
- M&A Transactions
  Consolidated Water Co. Ltd. completed an acquisition involving Linda Ramey and Robert W. Ramey for approximately $4,200,000 (closed 2023-11-02).
  - Action: acquisition
  - Counterparty: Linda Ramey and Robert W. Ramey
  - Consideration: approximately $4,200,000
  - Closing: 2023-11-02
  source text: Pursuant to the terms of the Purchase Agreement, effective as of October 1, 2023 (the “Effective Date”), PERC purchased a 100% ownership interest in Ramey Environmental Compliance, Inc., a Colorado company (“REC”), for an aggregate purchase price of approximately $4,200,000.
  evidence_url: https://www.sec.gov/Archives/edgar/data/928340/000155837023017999/0001558370-23-017999-index.htm
- Material Agreements
  Consolidated Water Co. Ltd. entered into Stock Purchase Agreement with Linda Ramey and Robert W. Ramey valued at The company through PERC purchased a 100% ownership interest in Ramey Environmental Compliance, Inc. (effective 2023-10-01).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: Linda Ramey and Robert W. Ramey
  - Value: The company through PERC purchased a 100% ownership interest in Ramey Environmental Compliance, Inc.
  - Effective: 2023-10-01
  source text: On November 2, 2023 (the “Closing Date”), Consolidated Water Co. Ltd. (the “Company”), through its wholly-owned indirect subsidiary, PERC Water Corporation (“PERC”), entered into a stock purchase agreement (the “Purchase Agreement”) with Linda Ramey and Robert W. Ramey (collectively, the “Sellers”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/928340/000155837023017999/0001558370-23-017999-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.