The California Water Service Group has completed more than 18 acquisitions since 2019, which has added more than 42,000 water and wastewater customer connections.
WD News: New Mexico Water Service, a subsidiary of California Water Service Group, has signed an agreement to purchase the assets of Lake Section Water Company, a utility located in Chapparal, N.M. The acquisition, which – when closed – would establish New Mexico Water as the largest investor-owned water and wastewater utility in the state.
As part of the purchase, New Mexico Water will own and operate the Lake Section water system. This system serves 5,000 customer connections about 110 miles south of New Mexico Water’s Elephant Butte system in the greater El Paso, Texas, metropolitan area.
“We look forward to working with Lake Section and the commission to complete the acquisition” said Martin A. Kropelnicki, President and CEO of New Mexico Water.
Source: New Mexico Water Service
Image courtesy: Pixabay