Peel Group and Ancala Partners completed the acquisition of SSE Water from SSE.

Leep Utilities, the independent multi-utility operator formed by Peel Group and Ancala Partners, completed the acquisition of SSE Water from SSE. SSE Water was established in 2008 under licence from Ofwat. It owns water networks that supply around 20k customers across 28 sites in southern England and Wales. Financial terms were not disclosed. "Leep is delighted to be acquiring SSE Water. This purchase will make Leep the leading NAV operator in the UK market and the transaction speaks to the high conviction that we have in the benefits that successful NAV operators can deliver to UK developers, customers and society. We plan to continue to provide best-in-class customer service to our expanded water inset customer base as well as to deliver new ‘straightforward connections’ to developers and connection providers across the country," Louise Manfredi, Leep Utilities Managing Director.