17th Feb 2015 08:40
LONDON (Alliance News) - Environmental services company Water Intelligence PLC on Tuesday said it has acquired a territory that was previously franchised covering the Miami area in Florida.
The territory is to be run as a corporate location, with 2015 revenue and earnings to be consolidated into Water Intelligence's wider business, it said.
The franchised area will be joined with its corporate operations in Fort Lauderdale, just north of Miami, and will form a regional office for the company.
The company provided no financial details on the deal.
"Our acquisition strategy is two-fold: First, expand corporate presence to accelerate nation-wide growth and second, incorporate select areas already partially developed by our franchisees to grow those locations even faster. We plan to launch additional corporate-run locations during 2015 while maintaining growth in our royalty income," said Water Intelligence Chairman Patrick DeSouza.
By Sam Unsted; [email protected]; @SamUAtAlliance
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