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  6. California Water Service Group Acquires Palm Mutual Water

M&A Deal Summary

California Water Service Group Acquires Palm Mutual Water

On December 11, 2025, California Water Service Group acquired utilities company Palm Mutual Water

Acquisition Highlights
  • This is California Water Service Group’s 6th transaction in the Utilities sector.
  • This is California Water Service Group’s 6th transaction in the United States.
  • This is California Water Service Group’s 4th transaction in California.

M&A Deal Summary
Date 2025-12-11
Target Palm Mutual Water
Sector Utilities
Buyer(s) California Water Service Group
Deal Type Add-on Acquisition

Target

Palm Mutual Water

Bakersfield, California, United States
Palm Mutual Water is a mutual water company providing potable water distribution to a small residential service area. Palm Mutual Water functions as a member‑owned utility, supplying water to approximately 63 residential connections, and receives its water through a master‑meter interconnection rather than operating its own water sources. Palm Mutual Water is based in Bakersfield, California.

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Buyer(S) 1

Buyer

California Water Service Group

San Jose, California, United States
Category Company
Founded 1926
Sector Utilities
Employees1,278
Revenue 1.0B USD (2024)
DESCRIPTION

California Water Service Group provides 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 6 of 6
Sector: Utilities M&A 6 of 6
Type: Add-on Acquisition M&A Deals 6 of 6
State: California M&A 4 of 4
Country: United States M&A 6 of 6
Year: 2025 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-05-29 Casa Loma Water

Bakersfield, California, United States

Casa Loma Water provides regulated water utility services, delivering potable water through 237 residential and 11 commercial connections. Casa Loma Water is based in Bakersfield, California.

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