Add-on Acquisition • Utilities

California Water Service Group Acquires Rainier View Water Co.

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

Acquisition Context
  • 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.

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M&A Deal Summary

Date November 6, 2019
Target Rainier View Water Co.
Sector Utilities
Buyer(s) California Water Service Group
Deal Type Add-on Acquisition

Target Company

Rainier View Water Co.

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 Overview 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 Context for Buyer #
Overall 1 of 6
Sector: Utilities 1 of 6
Type: Add-on Acquisition 1 of 6
State: Washington 1 of 2
Country: United States 1 of 6
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.

Buy -