Capital Buzz: Carlyle Group getting out of water, infrastructure - Washington Post
It may be dry these days in California, but in nearby Montana there’s water, water everywhere. And Montana water has generated a giant headache for the Carlyle Group , the District-based private equity giant that dove into the infrastructure business in 2006. Two potential buyers have lined up to buy the city of Missoula’s water company,... The case is scheduled for trial in March 2015. While they wait for the courts to rule, Carlyle has put the company on the auction block. has bid $327 million for the water company and two affiliates in California. That’s more than three-times the nearly $100 million that Carlyle paid for the parent company. Seemingly tired of the back and forth, Carlyle is exiting business of bridges, water and highway stops after eight years. The Presidents’ Roundtable and the Capital Region Minority Supplier Development Council are sponsoring a roundtable to give members one-on-one access to Exelon and Pepco leaders so they can better compete for contracts. Pepco spent $80. 1 million on diverse supplier procurement during the same period. The first auction of vehicles from Truland Group , the bankrupt Reston-based national electrical contractor, ended Sept. Source: www.washingtonpost.com
