NW Natural Water Company, LLC (NW Natural Water), a wholly-owned subsidiary of Northwest Natural Holding Company (NYSE:NWN) (NW Natural Holdings), has expanded its presence in two states through the acquisitions of Hiland Water Corporation’s water utility business in Newberg, Oregon and Truxton Canyon Water Company and Cerbat Water Company near Kingman, Arizona.
Additionally, NW Natural Water has increased its ownership in Avion Water Company, the largest privately owned utility in Oregon, which serves communities in and around Bend, Oregon.
Justin Palfreyman, NW Natural Water’s president, expressed enthusiasm about the company’s expansion across its existing regions. He emphasized the company’s commitment to building a robust water and wastewater utility business focused on safety, reliability, customer service, and environmental stewardship.
In October 2023, NW Natural Water acquired Hiland Water’s services company, serving over 5,000 customers. Subsequently, in December 2023, NW Natural Water acquired Hiland Water, adding an additional 2,100 regulated utility connections across western Oregon.
The acquisitions of Truxton Canyon Water Company and Cerbat Water Company, which collectively serve approximately 1,400 water customers in northwest Arizona, were also completed in December 2023.
Furthermore, NW Natural Water increased its ownership interest in Avion Water in January 2024 and currently holds approximately 45% of Avion, serving over 15,000 customers in central Oregon.
These transactions have expanded NW Natural Water’s reach to nearly 175,000 people through approximately 70,000 connections across five states.
Source : NW Natural Water
