List of 16 Arizona-based Utilities Companies

Name	Sector	Revenue $mlns	M&A Activity			Last 5 Years
Name	Sector	Revenue $mlns	Total	Buy	Sell	Last 5 Years
Liberty Utilities Co. Private Avondale, Arizona, United States website	Utilities	-	2	2	-
SemStream Arizona Propane LLC Acquired Alliant Gas LLC 2012-12-31 Payson, Arizona, United States website	Utilities	-	-	-	-
EC Source Services LLC (ECS) - Testing and Commissioning Division Acquired TRC 2019-07-11 Mesa, Arizona, United States	Utilities	-	-	-	-
Black Mountain Gas Co. Acquired Southwest Gas 2003-10-20 $25M Cave Creek, Arizona, United States	Utilities	-	-	-	-
Brooke Water LLC Acquired EPCOR Utilities, Inc. 2019-05-13 Arizona, United States website	Utilities	-	-	-	-
Rose Valley Water Acquired NW Natural Water 2023-10-02 Green Valley, Arizona, United States website	Utilities	-	-	-	-
Rincon Water Acquired Global Water Resources, Inc. 2022-01-24 Sahuarita, Arizona, United States	Utilities	-	-	-	-
Las Quintas Serenas Water Co. Acquired Global Water Resources, Inc. 2021-09-22 Green Valley, Arizona, United States website	Utilities	-	-	-	-
Farmers Water Acquired Global Water Resources, Inc. 2021-12-13 Sahuarita, Arizona, United States website	Utilities	-	-	-	-
Pinnacle West NYSE : PNW Phoenix, Arizona, United States website	Utilities	4,696	-	-	-
UNS Energy Corp. Acquired Fortis 2014-08-15 $4.5B Tucson,, Arizona, United States website	Utilities	-	-	-	-
Northbrook Energy LLC Private Scottsdale, Arizona, United States website	Utilities	-	-	-	-
Unisource Energy Services, Inc. Private Kingman,, Arizona, United States website	Utilities	-	-	-	-
EC Source Services LLC (ECS) Private Mesa, Arizona, United States website	Utilities	-	1	-	1
Southwest Energy Systems LLC Acquired Shermco Industries, Inc. 2019-08-05 Phoenix, Arizona, United States website	Utilities	-	-	-	-
Twin Hawks Utility Acquired Global Water Resources, Inc. 2022-01-24 Tucson, Arizona, United States	Utilities	-	-	-	-

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