JW Water: A New Chapter in Mid-Market Utility Leadership with CVC DIF Acquisition

CVC DIF, the infrastructure strategy arm of CVC Capital Partners, announced the acquisition of 18 water and wastewater utilities in Arizona, serving over 50,000 customers. This move comprises two major transactions: the purchase of the JW Water Holdings platform, managing 10 utilities for approximately 9,000 customers, and the acquisition of a portfolio comprising eight utilities serving about 41,000 customers within Robson Communities. Through DIF Infrastructure VII, CVC intends to enhance the operation and reliability of these utilities, leveraging JW Water's existing expertise and infrastructure investments to provide essential water and wastewater services. The integrated platform positions JW Water as a leading force in the mid-market regulated utility sector in the Southwest US. The acquisition underlines CVC DIF's focus on quality infrastructure assets, offering stable returns with potential growth opportunities. Managers at CVC are committed to investing in improvements for sustained, reliable service delivery to the communities served by the utilities. Jason Williamson, CEO of JW Water, expressed enthusiasm about the long-term benefits this acquisition will bring, highlighting the potential for further investment, growth, and stewardship backed by CVC DIF's resources.