AWG plc was a British holding company which is parent to

Anglian Water Anglian Water is a water company that operates in the East of England. It was formed in 1989 under the partial privatisation of the water industry. It provides water supply, sewerage and sewage treatment to the area formerly the responsibility ...

. It was previously listed on the

London Stock Exchange London Stock Exchange (LSE) is a stock exchange in the City of London, England, United Kingdom. , the total market value of all companies trading on LSE was £3.9 trillion. Its current premises are situated in Paternoster Square close to St Pa ...

, and was a member of the

FTSE 250 Index The FTSE 250 Index ( "Footsie") is a capitalisation-weighted index consisting of the 101st to the 350th largest companies listed on the London Stock Exchange. Promotions and demotions to and from the index occur quarterly in March, June, Septem ...

, but it is now owned by the ''Osprey Consortium''. Its headquarters are in

Huntingdon Huntingdon is a market town in the Huntingdonshire district in Cambridgeshire, England. The town was given its town charter by King John in 1205. It was the county town of the historic county of Huntingdonshire. Oliver Cromwell was born there ...

Cambridgeshire Cambridgeshire (abbreviated Cambs.) is a county in the East of England, bordering Lincolnshire to the north, Norfolk to the north-east, Suffolk to the east, Essex and Hertfordshire to the south, and Bedfordshire and Northamptonshire to th ...

History

Originally

, it was one of the

British British may refer to: Peoples, culture, and language * British people, nationals or natives of the United Kingdom, British Overseas Territories, and Crown Dependencies. ** Britishness, the British identity and common culture * British English, ...

regional water companies privatised in 1989. Like many utility companies, AWG has attempted to diversify away from a core business which offers steady profits but has very limited potential for expansion, in its case through the acquisition in September 2000, of the Scottish support service and construction group Morrison Construction. In March 2006, the construction division of the Morrison business was sold to

Galliford Try Galliford Try plc is a British construction company based in Leicester, England. It was created through a merger in 2000 of two businesses: Try Group, founded in 1908 in London, and Galliford, founded in 1916. Formerly involved in house-buildi ...

for £42m. The remainder of the business was split into two divisions, Morrison Facilities Services and Morrison Utilities Services, and, in March 2008, AWG sold the Utility Services division to two private equity firms, Cognetas and Englefield Capital for £235 million. AWG was acquired by the ''Osprey Consortium'', made up of

Canada Pension Plan Investment Board The Canada Pension Plan Investment Board (CPPIB; french: Office d'investissement du régime de pensions du Canada), operating as CPP Investments (french: Investissements RPC), is a Canadian Crown corporation established by way of the 1997 ''Cana ...

Colonial First State Colonial First State (CFS), is an Australian wealth management group that provides investment, superannuation and retirement products to individuals and corporate and superannuation fund investors. History The company was established in 1988 ...

, Industry Funds Management and 3i, in December 2006. In 2012, AWG sold Morrison Facilities Services to Mears Group for £24m.

References

External links

Official siteYahoo profile
{{Authority control Utilities of the United Kingdom Companies based in Cambridgeshire Renewable resource companies established in 1973 3i Group companies Companies formerly listed on the London Stock Exchange 1973 establishments in England British companies established in 1973