M&A Deal Summary

Hawaii Water Service Acquires Kapalua Water

On May 3, 2021, Hawaii Water Service acquired utilities company Kapalua Water from Maui Land & Pineapple

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

M&A Deal Summary
Date 2021-05-03
Target Kapalua Water
Sector Utilities
Buyer(s) Hawaii Water Service
Sellers(s) Maui Land & Pineapple
Deal Type Divestiture

Target

Kapalua Water

Lahaina, Hawaii, United States
Kapalua Water provides wastewater utilities to serve homes, hotels, condominiums, golf courses, restaurants, and other resort amenities in West Maui. Kapalua Water is based in Lahaina, Hawaii.

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Buyer(S) 1

Buyer

Hawaii Water Service

San Jose, California, United States
Category Company
Sector Utilities
DESCRIPTION

Hawaii Water Service provides regulated and non-regulated utility services to approximately 2 million people in 100 communities. Hawaii Water Service is a provider of water and wastewater services and delivering quality, service, and value to our customers. Hawaii Water Service is based in San Jose, California.

DEAL STATS #
Overall 1 of 2
Sector (Utilities) 1 of 2
Type (Divestiture) 1 of 1
State (Hawaii) 1 of 2
Country (United States) 1 of 2
Year (2021) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-11 HOH Utilities

Lawai, Hawaii, United States

HOH Utilities owns and manages the wastewater utility, which currently serves almost 1,800 residential, commercial, and resort customers in Poipu and Koloa, including three hotels, condominiums, multi-family housing, a golf course, and single-family homes.

Buy -

Seller(S) 1

SELLER

Maui Land & Pineapple

Lahaina, Hawaii, United States
Category Company
Founded 1909
Sector Real Estate
Employees7
Revenue 11M USD (2023)
DESCRIPTION

Maui Land & Pineapple is a landholding and operating company dedicated to agriculture, resort operation, and the creation and management of holistic communities. ML&P owns approximately 22,000 acres on the island of Maui on which it operates the Kapalua Resort community. ML&P also owns and manages the 8,304-acre Pu‘u Kukui Watershed Preserve, one of the largest private nature preserves in Hawai‘i. Maui Land & Pineapple was founded in 1909 and is based in Lahaina, Hawaii.

DEAL STATS #
Overall 1 of 1
Sector (Utilities) 1 of 1
Type (Divestiture) 1 of 1
State (Hawaii) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
Mergr

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