Phoenix, Arizona - EPCOR Water (USA) Inc. has reached an agreement with GWR Global Water Resources Corp. (GWRC) to acquire the assets and operations of the Willow Valley Water Company (Willow Valley) for approximately US$2.5 million, subject to certain adjustments and regulatory approval by the Arizona Corporation Commission (ACC).
“The addition of Willow Valley is a natural step in the expansion of our U.S. business platform and continues to build on our regional footprint in northwestern Arizona,” said Joe Gysel, President of EPCOR USA. “Willow Valley presents an opportunity to complement our operations in northwestern Arizona, and we believe this change in ownership will benefit the customers of Willow Valley over the long term.”
If approved by the Arizona Corporation Commission, Willow Valley will be the company’s sixth acquisition since entering the United States. In 2011, the company acquired Chaparral City Water Company, followed by the 2012 acquisition of American Water’s Arizona and New Mexico assets and operations. In 2013, EPCOR USA acquired North Mohave Valley Corporation in Arizona and Thunder Mountain Water Company in New Mexico, as well as the existing agreements and master-planning responsibilities to provide wastewater and recycled water services to a 7,000-acre development corridor in Glendale, Arizona.
Today, EPCOR USA is the largest, private regulated water utility in Arizona and New Mexico, providing water and wastewater service to approximately 200,000 customer connections across 22 communities and seven counties. Willow Valley currently provides water service to approximately 1,600 customer connections in the Bullhead City area, a service territory approximately 10 miles south of EPCOR USA’s Mohave and North Mohave districts.
With the acquisition of Willow Valley, EPCOR USA will provide water service to approximately 17,500 customer connections in the Bullhead City area. EPCOR USA also provides wastewater service to approximately 1,500 connections in the Bullhead City area, and water service for more than 1,700 customer connections in neighboring Lake Havasu City. A regulatory decision from the Arizona Corporation Commission is expected in late 2015.
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