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Carlyle sells Missoula’s Mountain Water to Canadian utility

Mountain Water Co. is slated to be acquired by a Canadian utility as part of a sale agreement with Western Water Holdings of the Carlyle Group, according to a news release Friday from the potential purchaser, Algonquin Power and Utilities Corp. of Ontario.

The announcement came as the city of Missoula’s eminent domain case against Mountain and owner, the Carlyle Group, heads toward a spring trial in Missoula County District Court. City of Missoula communications director Ginny Merriam said early Friday the lawyers working with Mayor John Engen and the city on condemnation planned to discuss the matter in short order.

By Keila Szpaller

Full Story: http://missoulian.com/news/local/updated-carlyle-sells-mountain-water-to-canadian-utility/article_77dcd4aa-4010-11e4-998d-ff6fb98384c8.html

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John Kappes, president of Mountain Water Company, issued the following statement regarding today’s announcement:

"We at Mountain Water Company are very pleased to hear that our company is going to be part of a long term utility owner that understands and supports a local, responsive and caring approach to the provision of utility services. Liberty has a long history of providing reliable utility service in other communities and is committed to making continued investment in Missoula’s water distribution system. We hope the community will join us in giving them a warm welcome."

John will not be fielding media interview requests today.

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