DAYTON, NJ, Apr. 20, 2009 -- Accutest Corporation, the third largest operator of environmental testing laboratories in the United States, has announced the acquisition of SouthWest Water Company's water testing business, based in Houston, Texas. SouthWest Water is a publicly traded company on the NASDAQ which provides water, wastewater, and public works services principally in the southwestern United States.
Accutest President and CEO Vincent J. Pugliese commented on the acquisition. "We are very pleased to announce that SouthWest's lab operation will join our existing Houston operations, and assist in our expansion plans within EPA Region 6. Together with the dedicated employees of SouthWest, we plan to build a stronger and more diverse presence in this key market area."
Mark Swatek, Chief Executive Officer of SouthWest Water Company said, "This divestiture represents another step in our corporate efforts to focus our business on our core water and wastewater treatment operations. We look forward to teaming with Accutest, to continue to provide our Texas customers with superior analytical testing services."
CEO Pugliese added, "We continue to implement our strategy of building Accutest into a leading national company, with facilities in all the key market regions of the country. This acquisition represents another step in Accutest's expansion goals."
The terms of the transaction were not publicly disclosed. Steve Maxwell of TechKNOWLEDGEy Strategic Group, Boulder, Colorado initiated this transaction and served as advisor to SouthWest Water.
Accutest is a rapidly growing, environmental testing provider focused on quality, customer service and superior electronic data deliverables.
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