Global Water Resources Files To Go Public

Global Water Resources Inc., a Phoenix, Ariz.-based water management company, filed to go public Tuesday morning. The company manages the "entire water cycle" in nine water and wastewater utilities in Phoenix. Global Water said it had revenues of $32.6 million in 2014 and $24.8 million for the nine months ended Sept. 30, 2015 on net income of $64.9 million and $21.4 million respectively. Along with the public offering, GWR Global Water Resources Corp., which is publicly listed in Canada, will merge with Global Water Resources Inc. The company has applied to list on the NASDAQ Global Market under the symbol "GWRS."