MWH Adds Financial Consulting Capability for Water and Wastewater Clients
Broomfield, Colo., September 18, 2012 – MWH Global, the wet infrastructure leader and provider of strategic consulting, engineering and construction services, is growing its management consulting practice and expanding its capabilities in financial and commercial consulting.
MWH today announced the acquisition of StepWise Utility Advisors, a financial management consulting firm that specializes in water and wastewater utilities. Terms of the acquisition were undisclosed.
“We’re always looking at opportunities to strengthen our service offerings, and StepWise Utility Advisors brings unparalleled, utility-focused financial consulting experience that will benefit new and current clients,” said Alan Krause, president and chief executive officer of MWH. “Water and wastewater utilities are facing increased pressure to review rate structures and find balance between business needs and consumer expectations. By adding StepWise Utility Advisors to our team of experts, we can help utilities solve these financial challenges by offering proven processes and consulting services.”
StepWise Utility Advisors has assembled a team of industry-leading consultants and established processes to balance utility needs and consumer sentiments. The firm has served clients throughout the U.S. and Canada with a range of services that include financial planning and analysis, cost-of-service allocations, rate design, management consulting and utility valuation.
“StepWise Utility Advisors is pleased to join the MWH team to help tackle water issues and challenges facing today’s utilities,” said Jason Mumm, president of StepWise Utility Advisors. “MWH is a recognized global leader in strategic consulting for water-focused organizations and, combined with our experience in addressing the industry’s financial challenges, we’ll deliver stronger services to water and wastewater utilities worldwide.”
With more than 150 years of experience in the wet infrastructure sector, MWH has provided innovative and cost-effective solutions to address the needs of the water and wastewater markets through management consulting. The firm provides management consulting services to local and national governments, public and private utilities, the private sector and financial institutions and helps clients achieve success in the business side of finance, delivery, operation and management of infrastructure.