Global Water Resources Expands Footprint with Tucson Acquisition
Deal News | Jul 09, 2025 | Globenewswire
Global Water Resources, a NASDAQ-listed firm specializing in water resource management, has acquired seven water systems from Tucson Water. The acquired assets, located around Pima County, involve 2,200 customer connections and anticipate generating an annual revenue of $1.5 million, equivalent to about 1.05 times the current rate base value of $7.7 million. The acquisition expands Global Water's customer base in Pima County to 7,200, with the company planning to integrate and modernize these systems using automated meter infrastructure to enhance service. The acquisition is part of Global Water's broader strategy of utility consolidation and follows seven other acquisitions in the region over the past five years.
Sectors
- Water Resource Management
- Public Utilities
Geography
- United States – The acquisition discussed pertains to assets located in the U.S., specifically involving Arizona-based Global Water Resources.
- Arizona – The geographical scope of this transaction involves water systems located in Pima County, Arizona.
Industry
- Water Resource Management – This involves companies engaged in the management of water services, indicating their relevance in maintaining and providing water utility services, as presented in the acquisition involving Global Water Resources.
- Public Utilities – Focuses on the supply and sanitation services of water. Global Water Resources provides water utility services integrating newly acquired assets into its system.
Financials
- $7.7 million – Current rate base value of the acquired water systems.
- 1.05 – Multiple applied to the rate base for valuation purposes.
- $1.5 million – Estimated annual revenue from the acquired systems.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Global Water Resources, Inc. | Buyer | Company | A NASDAQ-listed water resource management company involved in the acquisition of Tucson Water's systems. |
| Tucson Water | Vendor | Government | The city of Tucson's water utility, selling seven water systems to Global Water Resources. |