The Carlyle Group's purchase of Park Water was recently approved by regulators in California and Montana. Carlyle already has two prospective purchasers of Park Water's holdings, Mountain Water in Missoula, Montana and Apple Valley Ranchos Water Company in Apple Valley, California. The deal is Carlyle's first venture into public water infrastructure. Having two buyers right off, that's a Christmas PEU present.
Update 12-30-11: Carlyle took over the company on December 20, 2011. It's the day greed won. Remember 12-20-11.
PEU Report/State of the Division