Birmingham

Birmingham Utilities

Business Description

BIW Limited (AMEX: BIW) is the parent company of Birmingham Utilities, Inc., a regulated public water service company which collects and distributes water for domestic, commercial, and industrial uses and fire protection.

Background

BIW and The Connecticut Water Company entered into a merger transaction.

Solution

Carter Morse & Mathias was engaged to provide a fairness option on the merger to BIW’s board of directors.