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NW Natural Water to Acquire Idaho and Washington Water Companies.

MANews-(C)2009-2019

25 March 2019 - Oregon, US-based water distribution supplier NW Natural Water company, LLC has agreed, through its subsidiaries, to acquire six water utility systems and one water and wastewater management company, located in Idaho and Washington, US, the company said.

Terms of the transaction were not disclosed.

The transactions are subject to certain conditions, including approval by the Washington Utilities and Transportation Commission and the Idaho Public Utilities Commission, and are expected to close in the summer of 2019.

Together, the acquisitions serve nearly 1,200 water distribution connections and managing another 1,000 water and wastewater customers.

The acquisitions include the water systems of Spirit Lake East, Lynnwood, Diamond Bar Estates, and Bar Circle S, as well as Water Works Management, all located in or around Coeur d'Alene, Idaho.

In addition, agreements have been signed to acquire the water systems of Estates and Monterra in Sequim, Washington.

NW Natural said it is acquiring well-managed, well-positioned water systems in strategic locations with key expertise.

NW Natural Water is a subsidiary of Northwest Natural Holding Company (NYSE: NWN) (NW Natural Holdings), Northwest Natural Holding company, (NYSE: NWN) (NW Natural Holdings), is headquartered in Portland, Oregon, and through its subsidiaries has been doing business for 160 years in the Pacific Northwest.

It owns NW Natural Gas Company (NW Natural), NW Natural Water Company (NW Natural Water), and other business interests and activities.

Country: USA

Sector: Utilities

Target: Six water utility systems and one water and wastewater management company, located in Idaho and Washington, US

Buyer: NW Natural Water Company

Vendor:

Deal size in USD:

Type: Corporate Acquisition

Financing:

Status: Agreed

Buyer advisor: , ,

Comment: Terms of the deal were not disclosed

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Publication:M & A Navigator
Geographic Code:1U8ID
Date:Mar 25, 2019
Words:281
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