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 Water privatisation in England and Wales, privatisation of the water industry. It provides water supply, sewerage and sewage treatment ...

. 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 Pau ...

, 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, Septemb ...

, 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 Counties of England, 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 North ...

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 Motion Equity Partners is a private equity firm focused on leveraged buyout and growth capital investments in European middle-market companies across a range of industries. The firm, has office in Paris. It was founded in 1989 as Electra Partne ...

and Englefield Capital for £235 million. AWG was acquired by the ''Osprey Consortium'', made up of Canada Pension Plan Investment Board,

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 Morrison Facilities Services was a United Kingdom-based company that specialised in providing facilities services to private businesses and central and local government bodies. The core area of the business was repair and maintenance of social hou ...

Mears Group Mears Group plc is a housing and social care provider. It repairs and maintains over 700,000 social homes across the UK. History The company was founded in 1988 in Gloucestershire, where it is still based, and floated on the Alternative Invest ...

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