Add-on Acquisition • Utilities

California American Water Co. Acquires Fruitridge Vista Water Co.

On December 19, 2019, California American Water Co. acquired utilities company Fruitridge Vista Water Co. for 21M USD

Acquisition Context
  • This is California American Water Co.’s 12th transaction in the Utilities sector.
  • This is California American Water Co.’s largest (disclosed) transaction.
  • This is California American Water Co.’s 12th transaction in the United States.
  • This is California American Water Co.’s 12th transaction in California.

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M&A Deal Summary

Date December 19, 2019
Target Fruitridge Vista Water Co.
Sector Utilities
Buyer(s) California American Water Co.
Deal Type Add-on Acquisition
Deal Value 21M USD

Target Company

Fruitridge Vista Water Co.

Sacramento, California, United States
Fruitridge Vista Water Co. is a family-owned Class B Water Utility in south Sacramento County and is regulated by the California Public Utilities Commission.
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Buyer Overview 1

Buyer

California American Water Co.

Coronado, California, United States

Category Company
Founded 1965
Sector Utilities
DESCRIPTION

California American Water Co. is a provider of high quality and reliable water and/or wastewater service to approximately 600,000 people.


Deal Context for Buyer #
Overall 12 of 14
Sector: Utilities 12 of 14
Type: Add-on Acquisition 11 of 13
State: California 12 of 14
Country: United States 12 of 14
Year: 2019 5 of 5
Size (of disclosed) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-30 Bass Lake Water Co. - Portal Waster Distribution System

Bass Lake, California, United States

Bass Lake Water Co. - Portal Waster Distribution System which serves approximately 1,000 customer connections in the Bass Lake community.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-16 Warring Water Services

Piru, California, United States

Warring Water Services is a provider of water services to approximately 634 homes and businesses. Warring Water Services is based in Piru, California.

Buy $5M