Water & Wastewater P3 Engagements

  • Structuring and negotiating a 10-year agreement (valued at $180 million) for a joint municipal water and wastewater authority (including a 5-year renewal option), for the municipal out sourcing of all operation, maintenance and asset management functions including billing, collection and customer service.
  • 20-year agreement (including renewal options) for the operation, maintenance, repair, replacement and management of and customer service for the wastewater collection system and treatment facilities of a city in the northeast, including compliance with three open consent orders with the State environmental regulatory agency, with a total contract value of $230 million.
  • Provided due diligence review and investment advice to a private equity client for its proposed financing of a major desalination plant project (total financing package of $903 Million). Elias Group LLP’s engagement included review of all key financial modeling assumptions, key commercial agreements underpinning the project, legal and regulatory analysis, the negotiation of an investment term sheet and preparation of presentations and participation in meetings with the client investment committee.
  • 20-year agreement (including renewal options), with a total contract value of approximately $150 million, for the operation, maintenance, repair, replacement and management of the wastewater treatment assets of a city and the design, construction, start-up and testing of certain capital improvements to the city’s combined sewer overflow and wastewater treatment systems. Elias Group LLP also assisted in securing a loan from a State Revolving Fund program to finance the cost of the CSO improvements.
  • 20-year agreement for the operation and maintenance of a City’s wastewater treatment plant, with a total contract value of approximately $70 million – the first 20-year concession agreement ever executed in the United States for the operation of a municipal wastewater treatment plant. The contract was subsequently modified to include a contribution by the operator towards the construction of a Biological Nutrient Removal capital project of the matching requirement for under the State grant program.
  • 5-year, full service operation and maintenance agreement, with a contract value of approximately $40 million, for a southern city’s wastewater system.