M&A Deal Summary

Washington Water Service Acquires Bethel Greenacres Water Association

On March 14, 2023, Washington Water Service acquired utilities company Bethel Greenacres Water Association

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

M&A Deal Summary
Date 2023-03-14
Target Bethel Greenacres Water Association
Sector Utilities
Buyer(s) Washington Water Service
Deal Type Add-on Acquisition

Target

Bethel Greenacres Water Association

Spanaway, Washington, United States
Bethel Greenacres Water Association is a provider of water utility service to residential customers. Bethel Greenacres Water Association is based in Spanaway, Washington.

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Buyer(S) 1

Buyer

Washington Water Service

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

Washington Water Service (Washington Water) provides water utility services to 36,000 customer connections in about 200 Washington water systems from three regional offices and three field offices. The systems range in size from three to 15,000 service connections. Washington Water Service is based in San Jose, California.

DEAL STATS #
Overall 2 of 2
Sector (Utilities) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (Washington) 2 of 2
Country (United States) 2 of 2
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-07 Stroh s Water

Gig Harbor, Washington, United States

Stroh's Water Co. is a water utility company that operates about 900 customer connections near Washington Water’s existing Gig Harbor service area.

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