Montana Recommends $103M Carlyle Water Utility Buy

Law360, New York (December 9, 2011, 8:09 PM EST) -- A Montana regulatory body on Thursday recommended approval of the The Carlyle Group LP's roughly $103 million purchase of Park Water Co. with certain stipulations on how it can run a subsidiary of the company, which provides drinking water to Missoula residents.

The Montana Public Service Commission recommended approval of the sale after nearly a year of assessment, according to a draft order that the commission will put to a final vote Thursday. Park Water is the parent company of Mountain Water Co., which provides the central Montana...
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