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Nw Natural Water Closes Acquisition Of Far West’S Water And Wastewater Utilities

Oct 06, 2022•about 3 years ago

Acquiring Company

NW Natural Holdings

Acquired Company

Wastewater

PortlandOil And GasEnergy

Description

NW Natural Water Company, LLC (NW Natural Water), a wholly-owned subsidiary of Northwest Natural Holding Company (NYSE:NWN) (NW Natural Holdings), has completed the acquisition of the water and wastewater utilities of Far West Water & Sewer, Inc. Located in Yuma, Arizona, these utilities serve approximately 25,000 connections in the Foothills area and employ approximately 40 people. Going forward the utilities will be doing business as Foothills Utilities.

Company Information

Company

NW Natural Holdings

Location

Portland, Oregon, United States

About

NW Natural (NYSE: NWN) is a local natural gas distribution company that currently provides natural gas service to approximately 2 million people in more than 140 communities through more than 800,000 meters in Oregon and Southwest Washington, with one of the tightest, most modern pipeline systems in the nation. NW Natural consistently leads the industry with high J.D. Power & Associates customer satisfaction scores.

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M&A Insights

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Integration timeline
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Tech stack consolidation
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Post-acquisition investment
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