M&A Deal Summary

California Water Service Group Acquires Greenwood Estates Water System

On April 2, 2020, California Water Service Group acquired utilities company Greenwood Estates Water System

Acquisition Highlights
  • This is California Water Service Group’s 2nd transaction in the Utilities sector.
  • This is California Water Service Group’s 2nd transaction in the United States.
  • This is California Water Service Group’s 2nd transaction in Washington.

M&A Deal Summary
Date 2020-04-02
Target Greenwood Estates Water System
Sector Utilities
Buyer(s) California Water Service Group
Deal Type Add-on Acquisition

Target

Greenwood Estates Water System

Washington, United States
Greenwood Estates Water System provides regulated water utility service to about 46,500 people in nearly 200 systems in Clallam, Jefferson, Kitsap, Mason, Pierce, King, San Juan, and Thurston counties, along with wastewater service on Orcas Island.

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Buyer(S) 1

Buyer

California Water Service Group

San Jose, California, United States
Category Company
Founded 1926
Sector Utilities
Employees1,266
Revenue 795M USD (2023)
DESCRIPTION

California Water Service Group provide regulated and non-regulated water service to nearly 2 million people in California, Washington, New Mexico, and Hawaii. California Water Service Group was incorporated in 1926 and is based in San Jose, California.

DEAL STATS #
Overall 2 of 4
Sector (Utilities) 2 of 4
Type (Add-on Acquisition) 2 of 4
State (Washington) 2 of 2
Country (United States) 2 of 4
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-06 Rainier View Water

Puyallup, Washington, United States

Rainier View Water Co. owns and operates 27 water systems that serve about 35,000 people in parts of Graham, Spanaway, Puyallup, Gig Harbor, and other nearby areas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-02 Skylonda Mutual Water

Woodside, California, United States

Skylonda Mutual Water is a non-profit shareholder-owned water company serving 157 homes. The company was first formed as the Skylonda area was subdivided and developed.

Buy -
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