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New Mexico Water Service To Acquire Monterey Water Company

Mar 22, 2022•over 3 years ago

Acquiring Company

California Water

Acquired Company

Monterey Water

Description

New Mexico Water Service (New Mexico Water), a subsidiary of California Water Service Group (NYSE: CWT), has signed an agreement to acquire the assets of Monterey Water Company (Monterey Water), a water utility located in Valencia County, N.M. The acquisition is subject to satisfaction of customary closing conditions and approval by the New Mexico Public Regulation Commission (Commission).

Company Information

Company

California Water

About

California Water is a utility company that provides water and wastewater services to residential and commercial customers. It operates across multiple regions in California, focusing on sustainable practices and efficient resource management. The company aims to deliver high-quality water while ensuring regulatory compliance and community engagement.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed