Regional Water Authority acquires CT plumbing and heating firm

NEW HAVEN — Officials with the South Central Connecticut Regional Water Authority mentioned Wednesday that the quasi-public utility has acquired a Marlborough-primarily based plumbing and heating enterprise.

Phrases of the offer in which the RWA acquired Roach Plumbing & Heating have been not unveiled. The firm specializes in plumbing, drinking water heating, effectively providers, pumps and h2o cure providers for household and business enterprise shoppers.

The RWA made a decision to make the acquisition to supply its utility functions with yet another income stream and to provide as a hedge from potential price increases, in accordance Kate Rayner, an RWA spokeswoman. Rayner explained the money that was invested to receive Roach Plumbing & Heating would not result in a price raise.

“It will go on to permit us to mature and at the very same time mitigate the need to have for level maximize,” she explained. RWA will continue on to look for new business enterprise options that will permit the utility to offset the ebbs and flows of revenues that appear with alterations in customers’ h2o utilization, according to Rayner.

Roach Plumbing & Heating’s management group will stay in put, she claimed.

The business will run as subsidiary of RWA Very well Providers LLC, a subsidiary of RWA Business Enterprises LLC. That confined liability corporation, in switch, is a wholly-owned subsidiary of the RWA.

Larry Bingaman, RWA president and main govt officer, mentioned the acquisition of Roach Plumbing & Heating “allows us to offer you an increased suite of drinking water management, servicing and restore solutions to a broader set of buyers by introducing to our portfolio of professional offerings.”

“Roach is an ideal in shape for the RWA,” Bingaman explained in a statment. “Sean Roach and his team have built an fantastic, regionally-admired business enterprise that requires good pleasure in addressing customers’ drinking water and environmental demands with the highest degree of assistance and care.”