Innovative WA-based water utility and infrastructure provider, Water West, is pleased to advise Brookfield Infrastructure has acquired a major shareholding in Water West. Following the investment by Brookfield, Water West’s shareholders will be Azure Capital, Brookfield and Water West management.
Brookfield’s investment is a strong validation of Water West’s strategy and business model. It will also provide additional financial capability to build the infrastructure required to service future customers and also to consider the acquisition of existing water infrastructure where such opportunities are available.
Water West’s Chairman, Mr Richie Baston said: “We welcome Brookfield as a major shareholder in Water West. Brookfield is a global leader in infrastructure management and a strong supporter of emerging infrastructure trends – particularly the development of localised, affordable and sustainable utilities. Brookfield is supportive of our goal for Water West to become a flexible new utility provider in the WA market in a way that complements existing players.”
Brookfield’s investment builds on Water West’s successful July 2014 appointment by Silversun Corporation to undertake initial design work for wastewater and potable water infrastructure at Silversun’s North Dandalup residential land development.