NORTHBROOK, Ill. (Business Wire EON) December 4, 2007 -- Following the acquisition, the Perkins companies filed with the Arizona Corporation Commission an amendment to their CC&N applications addressing the change of control and related issues.
"We are extremely pleased to have acquired Perkins Mountain Water Company and Perkins Mountain Utility Company and look forward to working with the Arizona Corporation Commission and Rhodes Homes Arizona on these exciting projects in Mohave County," says Larry Schumacher, President & CEO of Utilities, Inc.
Utilities, Inc. is a leading national water and wastewater utility that serves primarily residential and light commercial customers in 17 states, including Arizona. Utilities, Inc. was formed in 1965 and today, Utilities, Inc. is a portfolio company of AIG Highstar Capital.
"We're extremely pleased with the Utilities, Inc. acquisition. This significant development means our projects in Mohave County have taken a major step forward. We are confident that Mr. Schumacher and the Utilities, Inc. team will conscientiously provide water and wastewater facilities to our future residents," says Jim Rhodes, President and CEO of Rhodes Homes.
Utilities, Inc. is experienced in managing a wide range of water and wastewater facilities. State-certified operators and professional staff ensure a high level of customer service and maintenance of systems.
"Our company is proud of our innovative water conservation initiatives and commitment to preserving the environment," says Lisa Crossett, Chief Operating Officer. "Water is a precious resource - particularly in semi-arid regions like Mohave County. We play a critical role in working with new developments to bring creative and responsible solutions in the design and construction of facilities."
Rhodes Homes Arizona has previously received 100-year water adequacy approvals from the Arizona Department of Water Resources (ADWR) for the full build out of the two developments, Pravada and White Hills. Those communities are planned to include approximately 56,500 residential units, along with commercial retail and recreation facilities.
The developments of Pravada and White Hills will provide a well-connected network of services and amenities to meet the needs of current and future residents of Mohave County, one of the fastest growing counties in Arizona.
Rhodes Homes Arizona is a division of Rhodes Homes, Inc., the largest privately held home building company in southern Nevada. Rhodes Homes has built more than thirty communities and nearly 7,000 homes, ranging from condominiums and townhouses to single-family residences and custom-built homes. As a community developer, Rhodes Homes is recognized for its innovative designs, its high quality of construction, and the beautiful settings of its neighborhoods.
For more information, contact Lisa Urias, (480) 751-5569.
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