South Staffordshire Water plc known as South Staffs Water is a UKwater supply company owned by a privately owned utilities company serving parts of Staffordshire, the West Midlands, as well as small areas of surrounding counties in England. South Staffordshire Water plc is part of South Staffordshire plc. It purchased Cambridge Water in 2011. In 2013, KKR & Co. L.P., a company registered in the United States of America, acquired South Staffordshire Water from Alinda Infrastructure Fund. As of April 2018, KKR & Co. has agreed to sell its 75% equity stake in South Staffordshire Water to Arjun Infrastructure Partners (AIP).[2]
Company
A South Staffordshire Water Works stop-cock cover in Sutton Coldfield, Birmingham, England
South Staffordshire Water provides drinking water to 1.6 million consumers and supplies 330 million litres of water every day across a network of pipes that total 6,000 kilometres (3,700 mi) in length to approximately 500,000 homes and 36,000 business customers in an area covering 1,500 square kilometres (580 sq mi). Under Ofwat's measure of overall service to customers, OPA, the company has been positioned in the top five of the generally 20–23 water companies in every year since 1999.[3]
As South Staffordshire Water is a water-only company Severn Trent Water provides all mains sewerage services to customers in South Staffordshire's designated area.[4]
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-based 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.[10]
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.
2018 Acquired by Arjun Infrastructure Partners (AIP)
Coat of arms of South Staffordshire Water
Crest
On a wreath Argent and Vert issuant from water a mound of sand thereon a knot (Calidris canutus) in winter plumage all Proper.
Escutcheon
Sable on a pile harry wavy Argent and Azure fimbriated Vert a Stafford knot Or all between three fountains.
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