M&A Deal Summary

California Water Service Group Acquires Rainier View Water

On November 6, 2019, California Water Service Group acquired utilities company Rainier View Water

Acquisition Highlights
  • This is California Water Service Group’s 1st transaction in the Utilities sector.
  • This is California Water Service Group’s 1st transaction in the United States.
  • This is California Water Service Group’s 1st transaction in Washington.

M&A Deal Summary
Date 2019-11-06
Target Rainier View Water
Sector Utilities
Buyer(s) California Water Service Group
Deal Type Add-on Acquisition

Target

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.

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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 1 of 4
Sector (Utilities) 1 of 4
Type (Add-on Acquisition) 1 of 4
State (Washington) 1 of 2
Country (United States) 1 of 4
Year (2019) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-04-02 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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