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SJW Group Completes Deer Creek Ranch Water System Acquisition

  • United States, July 3, 2018: California-based SJW group yesterday announced that its subsidy SJWTX, Inc. has completed the acquisition of the Deer Creek Ranch Water Co., LLC's water system. SJWTX had entered into an agreement to purchase the water system assets last year.

    Deer Creek Ranch includes approximately 750 service connections over an area of 1,191 acres in the Texas Hill Country on the rapidly growing western fringe of the Austin metropolitan area and serves a number of subdivisions on the border of Travis and Hays Counties.

    "We're pleased to welcome Deer Creek Ranch’s customers and both of the system's employees into the SJWTX, Inc. family. They are joining a water service provider with more than 150 years of experience in operating rural, suburban and metropolitan water networks. We pride ourselves on our commitment to the communities we serve and our proven experience with integrating new water systems into our organization while continuing to deliver safe, high-quality, reliable water to every customer," said Eric W. Thornburg, President and Chief Executive Officer of SJW Group.

    With the acquisition, SJWTX, Inc., will be acquiring a Firm Water Contract with the Lower Colorado River Authority for the provision of raw water and a Wholesale Water Services Agreement with the West Travis County Public Utility Agency for the treatment and transportation to Deer Creek Ranch of all water purchased from the Lower Colorado River Authority.