M&A Deal Summary

California American Water Co. Acquires Bass Lake Water Co. - Portal Waster Distribution System

On August 30, 2019, California American Water Co. acquired utilities company Bass Lake Water Co. - Portal Waster Distribution System from Bass Lake Water

Acquisition Highlights
  • This is California American Water Co.’s 11th transaction in the Utilities sector.
  • This is California American Water Co.’s 11th transaction in the United States.
  • This is California American Water Co.’s 11th transaction in California.

M&A Deal Summary

Date 2019-08-30
Target Bass Lake Water Co. - Portal Waster Distribution System
Sector Utilities
Buyer(s) California American Water Co.
Sellers(s) Bass Lake Water
Deal Type Divestiture

Target

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.

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Buyer(S) 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 STATS #
Overall 11 of 14
Sector: Utilities M&A 11 of 14
Type: Divestiture M&A Deals 1 of 1
State: California M&A 11 of 14
Country: United States M&A 11 of 14
Year: 2019 M&A 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-04 Rio Plaza Water Co.

Moorpark, California, United States

Rio Plaza Water Co. provides dependable water services. Rio Plaza Water Co. was founded in 1953 and is based in Moorpark, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-19 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.

Buy $21M

Seller(S) 1

SELLER

Bass Lake Water

Bass Lake, California, United States

Category Company
Founded 1959
Sector Utilities
DESCRIPTION

Bass Lake Water is a provider of the water utility to the north and northwest shores of Bass Lake in Madera County. Bass Lake Water was founded in 1959 and is based in Bass Lake, California.


DEAL STATS #
Overall 1 of 1
Sector: Utilities M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2019 M&A 1 of 1