Consolidated Water Co. Business Summary

Consolidated Water Co. Ltd. (CWCO) operates a vertically integrated business model focused on water production, treatment, and distribution across the Caribbean and the United States. The company generates revenue through four primary segments: Retail, providing regulated utility services to residential and commercial customers in Grand Cayman; Bulk, supplying potable water to government utilities under long-term, take-or-pay contracts in the Bahamas and Cayman Islands; Services, which earns fees through the design, construction, and operation (O&M) of water and wastewater facilities; and Manufacturing, which produces specialized desalination equipment via its Aerex subsidiary. As of early 2026, CWCO is leveraging a strong cash position to execute major infrastructure projects, including a $204 million desalination plant in Hawaii. The company competes directly with water utilities and infrastructure firms such as Global Water Resources (GWRS), Essential Utilities (WTRG), Middlesex Water (MSEX), and York Water (YORW), positioning itself as a dominant mid-tier specialist in seawater reverse osmosis and decentralized wastewater solutions. Founded in 1973 in the Cayman Islands, the company is currently led by President and CEO Frederick W. McTaggart, who has served in the role since 2000 and holds over 25 years of executive experience in the water industry. The leadership team includes Executive Vice President and CFO David W. Sasnett, a CPA with over 30 years of senior financial management experience, and Executive Vice President and COO Ramjeet Jerrybandan, who oversees global operations and company secretarial duties. The Board of Directors is chaired by Wilmer F. Pergande, an industry veteran with extensive expertise in desalination technology. CWCO maintains a high level of institutional ownership, approximately 67%, with notable board members including Dr. Maria-Elena Giner and Gerónimo Gutiérrez Fernández, who provide strategic oversight on international water policy and cross-border infrastructure development.