July 26, 2017 3:42 AM ET

Water Utilities

Company Overview of Global Water Resources, Inc.

Company Overview

Global Water Resources, Inc., a water resource management company, owns, operates, and manages regulated water, wastewater, and recycled water utilities primarily in metropolitan Phoenix, Arizona. As of December 31, 2016, it served approximately 50,000 people in 19,000 homes. The company was founded in 2003 and is based in Phoenix, Arizona.

21410 North 19th Avenue

Suite 220

Phoenix, AZ 85027

United States

Founded in 2003

43 Employees

Phone:

480-360-7775

Key Executives for Global Water Resources, Inc.

Chief Executive Officer, President and Director
Age: 37
Total Annual Compensation: $303.6K
Chief Financial Officer, Senior Vice President and Corporate Secretary
Age: 40
Total Annual Compensation: $252.1K
Compensation as of Fiscal Year 2016.

Global Water Resources, Inc. Key Developments

Global Water Resources, Inc. Declares Monthly Cash Dividend, Payable on July 31, 2017

Global Water Resources, Inc. has declared, under its dividend policy, a monthly cash dividend in the amount of $0.02306 per common share (an annualized amount of $0.27672 per share), which will be payable on July 31, 2017, to holders of record at the close of business on July 17, 2017.

Global Water Resources, Inc. Announces Executive Promotions

Global Water Resources Inc. has promoted the following company members: Jeff Risenmay promoted to vice president, in addition to his role as controller. Jon Corwin promoted to vice president, in addition to his role as general manager. Joanne Ellsworth promoted to vice president of Corporate and Regulatory Affairs, who was previously director of Corporate and Regulatory Affairs. Jason Thuneman promoted to vice president of Project Management Office, who was previously director of Project Management Office. Jeff Risenmay, vice president and controller of company, has served as controller since January 2014. Jon Corwin, vice president and general manager of company, has served as the general manager since September 2013. He previously held roles as regional manager and operations program manager of the Maricopa-Casa Grande utilities. Joanne Ellsworth, vice president of Corporate and Regulatory Affairs of company, joined the company in 2011. She has 17 years of experience as an attorney, with her practice focused primarily on economic development, infrastructure financing and construction, condemnation, and zoning. Jason Thuneman, vice president of the Project Management Office (PMO) of company, has served as the director of the PMO since 2013. The PMO is responsible for Development Services, Engineering and Construction, and certain activities related to large-scale permitting and other corporate projects.

Global Water Seeks Acquisitions

Global Water Resources, Inc. (NasdaqGM:GWRS) is seeking acquisitions. Ron Fleming, Chief Executive Officer of Global Water said, "Given the ACC's desire for consolidation of the highly-fragmented water utility industry in Arizona and their new policy guidelines that support and incent such consolidation, the stage is well set for additional acquisitions."

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
May 24, 2017
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