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PERC Water

Full company profile

uuid000f6da

Namestring
PERC Water
Legal namestring
PERC Water Corporation
Websiteurl
percwater.com
Company typeenum
Private
Founded yearint
1998
Descriptiontext

PERC Water Corporation, founded in January 1998 by Johan Perslow and headquartered in Fountain Valley, California, is a US water infrastructure company that develops, designs, builds, operates, and finances water and wastewater facilities for municipal governments, water districts, government agencies, and private developers. The company operates as a wholly-owned subsidiary of NASDAQ-listed Consolidated Water Co. Ltd. (CWCO), a Cayman Islands-incorporated water utility established in 1973 that provides corporate capital access for long-duration infrastructure projects. PERC has designed, built, or operated 60+ facilities across California, Arizona, Florida, Hawaii, and Colorado (via its Ramey Environmental Compliance subsidiary acquired in November 2023), with a leadership team claiming 250+ years of combined experience across design, construction, and operations.

PERC's technical platform centers on its proprietary PERC ASP® hybrid-sequential batch reactor, an underground tank construction methodology that reduces facility footprints by approximately 70%, and trademarked planning tools including the Customized Design Report (CDR™) and Turn Around Plan (TAP™). The portfolio spans water recycling facilities, advanced water treatment plants using microfiltration, reverse osmosis, and UV advanced oxidation, plus seawater desalination. Project scale ranges from small community systems (e.g., 0.28 MGD Pacific Grove) to district-scale infrastructure (15 MGD Albert Robles Center serving 43 cities and 4 million people; 5.8 MGD Palm Valley; 1.7 MGD Kalaeloa expandable to 5.1 MGD). Service offerings include Design-Build, Design-Build-Operate (DBO), Design-Build-Operate-Finance (DBOF), Operations & Maintenance, Asset Management, Advisory & Consulting, and the ROTATE™ staffing program.

PERC monetizes primarily through long-duration DBOF concessions where the company finances construction and is repaid via service fees over 20–30 year contract terms, complemented by recurring O&M and asset management revenue. The integrated delivery model transfers performance risk from capital-constrained public agencies to PERC, addressing municipal budget constraints and aging infrastructure replacement. Go-to-market is exclusively enterprise field sales via public RFP/RFQ processes and direct engagement with city managers, public works directors, and utility boards, with sales cycles running 12–36 months. Recent wins include the Sarival Water Reclamation Facility (4.0 MGD, completed January 2024 for Liberty Utilities), the Sustainable Water Infrastructure Project (SWIP) with the City of Santa Monica, and the Kalaeloa Seawater Desalination Facility joint venture for the Honolulu Board of Water Supply.

Short descriptiontext

PERC Water Corporation is a US water infrastructure firm that designs, builds, operates, and finances municipal water recycling, wastewater, and desalination facilities under long-term DBOF concessions and O&M contracts. A wholly-owned subsidiary of NASDAQ-listed Consolidated Water Co. Ltd. (CWCO).

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
11–50
akta.pro rankint
HeadquartersFountain Valley, United States
HQ citystring
Fountain Valley
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Offices3 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
water infrastructure development, design-build-operate services, wastewater treatment facilities, water recycling systems, desalination facility operations
Industry1 code
1Design & Engineering for Renewal/Expansion (Pipelines, Pump Stations, Treatment Plants)
CodeEUANALADPrimaryNo
NAICS code2 codes
  • Water Supply and Irrigation Systems22131
  • Sewage Treatment Facilities22132
SIC code2 codes
  • Water Supply4941
  • Water, Sewer, Pipeline, Comm & Power Line Construction1623
Product category
Water Infrastructure Services
Social media profiles1 record
GTM motion2 records

Each record includes

Type, Description, Source

Revenue model4 records
1Design-Build-Operate-Finance (DBOF) Contracts
TypeManaged Services
Description

Long-term infrastructure contracts with municipalities and public agencies that bundle design, construction, operations, and financing into single engagements. Revenue recognized over multi-decade contract terms providing stable, predictable cash flows.

2Asset Management Services
TypeSubscription Recurring
Description

Ongoing asset management and infrastructure optimization services for water and wastewater systems owned by municipal clients and water districts

3Operations & Maintenance Services
TypeManaged Services
Description

Full-service O&M contracts for water recycling facilities, desalination plants, and wastewater treatment systems under long-term agreements with public agency customers

4Public-Private Partnerships
TypeManaged Services
Description

Structured PPP arrangements with government entities for development and operation of water infrastructure assets, often involving specialized financing vehicles

Marketing channels4 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels3 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components6 values
Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Supply Chain
Pricing details1 tier
1Quote-based infrastructure project pricing
ModelOtherBilling cadenceMulti-year contract
Notes

Complex infrastructure projects require custom proposals based on technical specifications, site conditions, regulatory requirements, and contract structure. Pricing determined through competitive bidding or negotiated public procurement processes.

GTM typeB2B
B2B
Offering typeServices
Services
Core offering1 text field

PERC Water is a full-service water infrastructure development company that develops, designs, builds, operates, and manages water and wastewater treatment facilities across the United States under integrated delivery models including Design-Build, Design-Build-Operate (DBO), and Design-Build-Operate-Finance (DBOF). The company serves municipal utilities, water special districts, and government agencies with proprietary treatment technologies such as the PERC ASP® hybrid-sequential batch reactor, complemented by long-term operations and maintenance, asset management, and public-private partnership services.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 2 values shown
  • Multiple facilities awarded 'Project of the Year' and 'Plant of the Year' by leading industry associations
+1 more record
Product overview1 text field

PERC Water is a full-service water infrastructure development company offering an integrated portfolio of services across the entire project lifecycle: design, build, operate, and finance. The core product offerings center on the Customized Design Report (CDR™) methodology, which provides project certainty through comprehensive design and planning, combined with Design-Build, Design-Build-Operate (DBO), and Design-Build-Operate-Finance (DBOF) delivery models. Supporting services include Operations & Maintenance, Asset Management, Advisory & Consulting, the Turn Around Plan (TAP™) for compliance turnaround, and the ROTATE™ staffing program. The company also operates a portfolio of water recycling, advanced water treatment, and desalination facilities including Albert Robles Center, Leo J. Vander Lans AWTF, Kalaeloa Seawater Desalination Facility, Santa Paula WRF, Sarival WRF, Sundance WRF, Palm Valley WRF, SPA 2 & 3, Vista Canyon, Pacific Grove, Mountain House, Adelanto, and the Sustainable Water Infrastructure Project. Through its subsidiary Ramey Environmental Compliance, it extends operations into the Rocky Mountain region. PERC Water's proprietary PERC ASP® treatment process underlies multiple facilities, with the company recognized for underground tank designs that reduce facility footprints by 70%.

Product and service1 record
1Customized Design Report (CDR™)
Scale indicator3 records

Each record includes

Type, Value, Description, Source

Partnership4 partners
Strategic tierCoreTypeStrategic or Co-development Partner
Description

Project partner for the Sustainable Water Infrastructure Project (SWIP) with the City of Santa Monica. Kiewit brings heavy civil construction capabilities for large-scale water infrastructure development.

Strategic tierCoreTypeStrategic or Co-development Partner
Description

Engineering and consulting partner for the SWIP project with City of Santa Monica. Arcadis provides technical engineering expertise for complex water infrastructure design.

3Kalaeloa Desalco LLC
Strategic tierCoreTypeStrategic or Co-development Partner
Description

Joint venture subsidiary formed between PERC Water and parent company Consolidated Water Co. Ltd. to develop and operate the Kalaeloa Seawater Desalination Facility for the Honolulu Board of Water Supply.

Strategic tierCoreTypeOthers
Description

NASDAQ-listed parent company (CWCO) that owns PERC Water. Consolidated Water provides corporate backing, capital access, and operational synergies across its water development subsidiaries.

Peers10 records
TypeDirect peer
Description

Black & Veatch is a leading global engineering, procurement, and construction firm with a major water practice that delivers DBO and DBOF treatment plants to municipal clients — directly competing with PERC Water for the same public-agency contracts and offering similar integrated design-build-operate delivery.

TypeDirect peer
Description

Carollo Engineers is one of the largest US water and wastewater engineering firms focused exclusively on the water sector, providing planning, design, and construction management services to municipal utilities — a direct competitor for municipal treatment-plant design and program management work.

TypeDirect peer
Description

Brown and Caldwell is a specialized environmental engineering firm serving municipal and industrial water/wastewater clients with design, construction management, and asset management services — directly comparable to PERC Water's engineering and O&M service lines.

4HDR
TypeDirect peer
Description

HDR is a large engineering firm with a substantial water/wastewater practice delivering design-build and program management for municipal utilities, including advanced treatment and reuse — competing with PERC for the same DBO and design-build municipal pursuits.

TypeBroad incumbent
Description

Jacobs is a global engineering and professional services giant with a sizable water infrastructure practice, including DBO and program management for major municipal water projects — broader than PERC but routinely competes for the same municipal mega-contracts.

TypeBroad incumbent
Description

AECOM is a global infrastructure consulting firm with a major water practice delivering design, build, and program management for municipal water and wastewater — overlapping with PERC's municipal client base but at much larger scale and broader scope.

TypeBroad incumbent
Description

Tetra Tech is a global consulting and engineering firm with deep water and environmental expertise, including design-build of water treatment and reuse facilities for municipalities — competes with PERC on DBO pursuits but as part of a broader portfolio.

TypeBroad incumbent
Description

Arcadis is a global design and consultancy firm with a significant water practice and is already an SWIP partner with PERC — competes with PERC on municipal water infrastructure design and program management while also being a partner on certain projects.

TypeBroad incumbent
Description

Stantec is a global engineering, architecture, and environmental firm with a large water practice serving municipal clients on treatment, reuse, and conveyance projects — competes for similar municipal DBO and design contracts across North America.

TypeEmerging player
Description

IDE Technologies is an Israel-based desalination technology and project company specializing in seawater reverse osmosis plants — closely comparable to PERC Water's Kalaeloa Seawater Desalination Facility, competing in the same niche of municipal desalination project delivery.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Key risks5 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers9 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment4 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile4 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature4 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles12 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

Subsidiaries1 record

Each record includes

Name, Acquired on, Relationship type, Type, Business focus

No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

PERC Water

Water Infrastructure Servicespercwater.com

PERC Water Corporation is a US water infrastructure firm that designs, builds, operates, and finances municipal water recycling, wastewater, and desalination facilities under long-term DBOF concessions and O&M contracts. A wholly-owned subsidiary of NASDAQ-listed Consolidated Water Co. Ltd. (CWCO).

What PERC Water does

PERC Water Corporation, founded in January 1998 by Johan Perslow and headquartered in Fountain Valley, California, is a US water infrastructure company that develops, designs, builds, operates, and finances water and wastewater facilities for municipal governments, water districts, government agencies, and private developers. The company operates as a wholly-owned subsidiary of NASDAQ-listed Consolidated Water Co. Ltd. (CWCO), a Cayman Islands-incorporated water utility established in 1973 that provides corporate capital access for long-duration infrastructure projects. PERC has designed, built, or operated 60+ facilities across California, Arizona, Florida, Hawaii, and Colorado (via its Ramey Environmental Compliance subsidiary acquired in November 2023), with a leadership team claiming 250+ years of combined experience across design, construction, and operations.

PERC's technical platform centers on its proprietary PERC ASP® hybrid-sequential batch reactor, an underground tank construction methodology that reduces facility footprints by approximately 70%, and trademarked planning tools including the Customized Design Report (CDR™) and Turn Around Plan (TAP™). The portfolio spans water recycling facilities, advanced water treatment plants using microfiltration, reverse osmosis, and UV advanced oxidation, plus seawater desalination. Project scale ranges from small community systems (e.g., 0.28 MGD Pacific Grove) to district-scale infrastructure (15 MGD Albert Robles Center serving 43 cities and 4 million people; 5.8 MGD Palm Valley; 1.7 MGD Kalaeloa expandable to 5.1 MGD). Service offerings include Design-Build, Design-Build-Operate (DBO), Design-Build-Operate-Finance (DBOF), Operations & Maintenance, Asset Management, Advisory & Consulting, and the ROTATE™ staffing program.

PERC monetizes primarily through long-duration DBOF concessions where the company finances construction and is repaid via service fees over 20–30 year contract terms, complemented by recurring O&M and asset management revenue. The integrated delivery model transfers performance risk from capital-constrained public agencies to PERC, addressing municipal budget constraints and aging infrastructure replacement. Go-to-market is exclusively enterprise field sales via public RFP/RFQ processes and direct engagement with city managers, public works directors, and utility boards, with sales cycles running 12–36 months. Recent wins include the Sarival Water Reclamation Facility (4.0 MGD, completed January 2024 for Liberty Utilities), the Sustainable Water Infrastructure Project (SWIP) with the City of Santa Monica, and the Kalaeloa Seawater Desalination Facility joint venture for the Honolulu Board of Water Supply.

PERC Water firmographics

Firmographics
Name
PERC Water
Legal name
PERC Water Corporation
Website
https://percwater.com
Company type
Private
Founded year
1998
Operating status
Operating
Headcount range
11–50 employees
Short description
PERC Water Corporation is a US water infrastructure firm that designs, builds, operates, and finances municipal water recycling, wastewater, and desalination facilities under long-term DBOF concessions and O&M contracts. A wholly-owned subsidiary of NASDAQ-listed Consolidated Water Co. Ltd. (CWCO).
Ownership category
akta.pro rank

Where PERC Water is headquartered

Location

Headquarters

HQ city
Fountain Valley
HQ country
United States
HQ region
North America

Offices3 records

Markets served

PERC Water business model

Business model
GTM type
B2B
Offering type
Services
Cost components
Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Supply Chain

Revenue model

  1. Design-Build-Operate-Finance (DBOF) Contracts: Long-term infrastructure contracts with municipalities and public agencies that bundle design, construction, operations, and financing into single engagements. Revenue recognized over multi-decade contract terms providing stable, predictable cash flows.
  2. Asset Management Services: Ongoing asset management and infrastructure optimization services for water and wastewater systems owned by municipal clients and water districts
  3. Operations & Maintenance Services: Full-service O&M contracts for water recycling facilities, desalination plants, and wastewater treatment systems under long-term agreements with public agency customers
  4. Public-Private Partnerships: Structured PPP arrangements with government entities for development and operation of water infrastructure assets, often involving specialized financing vehicles

Pricing tiers

ModelBillingPrice
OtherMulti-year contractQuote-based infrastructure project pricing

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

PERC Water product offering

Product offering

Core offering

PERC Water is a full-service water infrastructure development company that develops, designs, builds, operates, and manages water and wastewater treatment facilities across the United States under integrated delivery models including Design-Build, Design-Build-Operate (DBO), and Design-Build-Operate-Finance (DBOF). The company serves municipal utilities, water special districts, and government agencies with proprietary treatment technologies such as the PERC ASP® hybrid-sequential batch reactor, complemented by long-term operations and maintenance, asset management, and public-private partnership services.

Product overview

PERC Water is a full-service water infrastructure development company offering an integrated portfolio of services across the entire project lifecycle: design, build, operate, and finance. The core product offerings center on the Customized Design Report (CDR™) methodology, which provides project certainty through comprehensive design and planning, combined with Design-Build, Design-Build-Operate (DBO), and Design-Build-Operate-Finance (DBOF) delivery models. Supporting services include Operations & Maintenance, Asset Management, Advisory & Consulting, the Turn Around Plan (TAP™) for compliance turnaround, and the ROTATE™ staffing program. The company also operates a portfolio of water recycling, advanced water treatment, and desalination facilities including Albert Robles Center, Leo J. Vander Lans AWTF, Kalaeloa Seawater Desalination Facility, Santa Paula WRF, Sarival WRF, Sundance WRF, Palm Valley WRF, SPA 2 & 3, Vista Canyon, Pacific Grove, Mountain House, Adelanto, and the Sustainable Water Infrastructure Project. Through its subsidiary Ramey Environmental Compliance, it extends operations into the Rocky Mountain region. PERC Water's proprietary PERC ASP® treatment process underlies multiple facilities, with the company recognized for underground tank designs that reduce facility footprints by 70%.

Differentiator

Problem solved

Functional benefit

Products and services

  • Customized Design Report (CDR™)

Quantifiable outcome

  • Multiple facilities awarded 'Project of the Year' and 'Plant of the Year' by leading industry associations
  • +1 more outcomes

Companies that use PERC Water

Customer profile

Named customers9 records

Segments4 records

Ideal customer profiles4 records

PERC Water technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature4 records

PERC Water partnerships and signals

Strategic signal

Partnerships

Four partnerships are on record, tiered core.

  • Kiewit Infrastructure WestcoreStrategic or Co-development PartnerProject partner for the Sustainable Water Infrastructure Project (SWIP) with the City of Santa Monica. Kiewit brings heavy civil construction capabilities for large-scale water infrastructure development.
  • ArcadiscoreStrategic or Co-development PartnerEngineering and consulting partner for the SWIP project with City of Santa Monica. Arcadis provides technical engineering expertise for complex water infrastructure design.
  • Kalaeloa Desalco LLCcoreStrategic or Co-development PartnerJoint venture subsidiary formed between PERC Water and parent company Consolidated Water Co. Ltd. to develop and operate the Kalaeloa Seawater Desalination Facility for the Honolulu Board of Water Supply.
  • Consolidated Water Co. Ltd. (CWCO)coreOthersNASDAQ-listed parent company (CWCO) that owns PERC Water. Consolidated Water provides corporate backing, capital access, and operational synergies across its water development subsidiaries.

Scale indicators3 records

PERC Water competitors and assessment

Company assessment

Direct peers

  • Black & Veatch: Black & Veatch is a leading global engineering, procurement, and construction firm with a major water practice that delivers DBO and DBOF treatment plants to municipal clients — directly competing with PERC Water for the same public-agency contracts and offering similar integrated design-build-operate delivery.
  • Carollo Engineers: Carollo Engineers is one of the largest US water and wastewater engineering firms focused exclusively on the water sector, providing planning, design, and construction management services to municipal utilities — a direct competitor for municipal treatment-plant design and program management work.
  • Brown and Caldwell: Brown and Caldwell is a specialized environmental engineering firm serving municipal and industrial water/wastewater clients with design, construction management, and asset management services — directly comparable to PERC Water's engineering and O&M service lines.
  • HDR: HDR is a large engineering firm with a substantial water/wastewater practice delivering design-build and program management for municipal utilities, including advanced treatment and reuse — competing with PERC for the same DBO and design-build municipal pursuits.

Broad incumbents

  • Jacobs Solutions: Jacobs is a global engineering and professional services giant with a sizable water infrastructure practice, including DBO and program management for major municipal water projects — broader than PERC but routinely competes for the same municipal mega-contracts.
  • AECOM: AECOM is a global infrastructure consulting firm with a major water practice delivering design, build, and program management for municipal water and wastewater — overlapping with PERC's municipal client base but at much larger scale and broader scope.
  • Tetra Tech: Tetra Tech is a global consulting and engineering firm with deep water and environmental expertise, including design-build of water treatment and reuse facilities for municipalities — competes with PERC on DBO pursuits but as part of a broader portfolio.
  • Arcadis: Arcadis is a global design and consultancy firm with a significant water practice and is already an SWIP partner with PERC — competes with PERC on municipal water infrastructure design and program management while also being a partner on certain projects.
  • Stantec: Stantec is a global engineering, architecture, and environmental firm with a large water practice serving municipal clients on treatment, reuse, and conveyance projects — competes for similar municipal DBO and design contracts across North America.

Emerging players

  • IDE Technologies: IDE Technologies is an Israel-based desalination technology and project company specializing in seawater reverse osmosis plants — closely comparable to PERC Water's Kalaeloa Seawater Desalination Facility, competing in the same niche of municipal desalination project delivery.

Market position

Strengths5 records

Weaknesses5 records

Key risks5 records

Key highlights6 records

Customer concentration

PERC Water social profiles

Digital presence

PERC Water financial estimates

Financial estimate

Revenue estimate

Valuation estimate

PERC Water leadership team

Management profile

Number of profiles

Profiles12 records

PERC Water subsidiaries and ownership

Company hierarchy

Subsidiaries1 record

PERC Water funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

PERC Water M&A and investment

M&A and investment

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about PERC Water

What does PERC Water do?

PERC Water is a full-service water infrastructure development company that develops, designs, builds, operates, and manages water and wastewater treatment facilities across the United States under integrated delivery models including Design-Build, Design-Build-Operate (DBO), and Design-Build-Operate-Finance (DBOF). The company serves municipal utilities, water special districts, and government agencies with proprietary treatment technologies such as the PERC ASP® hybrid-sequential batch reactor, complemented by long-term operations and maintenance, asset management, and public-private partnership services.

Is PERC Water a public or private company?

PERC Water is a private company. It is classified as corporate owned and is currently operating.

When was PERC Water founded?

PERC Water was founded in 1998. It employs 11 to 50 people.

Where is PERC Water based?

PERC Water is headquartered in Fountain Valley, United States, in the North America region.

How does PERC Water make money?

Four revenue lines are on record. Design-Build-Operate-Finance (DBOF) Contracts are the primary driver. The others are asset Management Services, operations & Maintenance Services and public-Private Partnerships.

Who are PERC Water's main competitors?

Direct peers on record are Black & Veatch, Carollo Engineers, Brown and Caldwell and HDR. Broad incumbents are Jacobs Solutions, AECOM, Tetra Tech, Arcadis and Stantec. IDE Technologies is listed as an emerging player.

Does PERC Water have an API?

No public API is recorded for PERC Water.

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Live signals
GlobeNewswireConsolidated Water Wins $11.7 Million Contract to Build Wastewater Recycling Plant for San Francisco Bay Area Golf ClubConsolidated Water Co. Ltd. has been awarded an $11.7 million contract to construct a wastewater recycling plant for a San Francisco Bay Area golf club, with the work secured by its California-based subsidiary PERC Water Corporation. The plant will have 200,000 gallons-per-day capacity and use membrane bioreactor technology to treat diverted wastewater for non-potable irrigation use. The project is expected to save 36-38 million gallons of potable water annually and be fully commissioned and operational by January 2027.GlobeNewswireConsolidated Water Acquires Remaining 39% Interest in PERC Water Corporation for $7.8 MillionConsolidated Water acquired the remaining 39% of its subsidiary PERC Water Corporation for $7.8 million, completing full ownership on January 4, 2023. PERC generated $17.8 million in revenue for the first nine months of 2022, up from $13.4 million in 2021, and holds an expanded $49.2 million contract.GlobeNewswireConsolidated Water Reports 2020 Revenue up 6% to $72.6 MillionConsolidated Water reported 2020 revenue of $72.6 million, up 6% from $68.8 million, with net income of $8.6 million. Cash and cash equivalents totaled $43.8 million, and the company paid $5.1 million in dividends. Management expects PERC Water's recurring revenue to continue in 2021.PR NewswireConsolidated Water Reports Q1 2020 ResultsConsolidated Water Co. Ltd. reported a 22% increase in Q1 2020 revenue to $20.7 million, driven by the acquisition of PERC Water and growth in its retail and manufacturing segments. The company also acquired the remaining 49% interest in Aerex Industries while noting potential negative impacts from the COVID-19 pandemic on tourism-dependent operations in the Cayman Islands.