JW Water Expands to Serve 50,000 Through CVC DIF Acquisition
Deal News | Nov 21, 2024 | DIF Capital Partners
CVC DIF, a branch of CVC Capital Partners specializing in infrastructure, has acquired a total of 18 water and wastewater utilities serving over 50,000 customers in Arizona. The acquisition involves two main transactions: the purchase of JW Water Holdings, a regulated utility platform managing ten utilities for approximately 9,000 customers, and a portfolio of eight utilities initially developed or owned by real estate entrepreneur Ed Robson. These strategic acquisitions were facilitated through DIF Infrastructure VII. JW Water, founded in 2013, has a proven history of enhancing utility operations within Arizona. By incorporating the Robson portfolio, JW Water is set to become a prominent mid-market utility platform. The inclusivity of this acquisition aligns with CVC DIF’s mission of securing high-quality infrastructure assets that promise a steady cash flow and long-term growth. Key figures in this transition, such as Gijs Voskuyl of CVC DIF and Jason Williamson of JW Water, emphasized their commitment to quality service and infrastructure improvements post-acquisition.
Sectors
- Water Utilities
- Infrastructure Investment
Geography
- United States – The acquisitions involve water and wastewater utilities in Arizona, US.
- Arizona – The specific state where the utility acquisitions are located, serving over 50,000 customers.
Industry
- Water Utilities – The article focuses on the acquisition of water and wastewater utilities in Arizona, highlighting the importance of reliable water services.
- Infrastructure Investment – CVC DIF is leveraging its expertise in infrastructure to expand its asset base with stable cash flows and growth potential.
Financials
- – The article does not specify the financial details of the transactions.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| CVC DIF | Acquirer | Company | The infrastructure arm of CVC Capital Partners involved in acquiring water utilities. |
| JW Water Holdings | Target Company | Company | A regulated water and wastewater utility platform based in Arizona. |
| Robson Communities | Vendor | Company | Initially developed or purchased the utilities now acquired by CVC DIF. |
| Gijs Voskuyl | Managing Partner | Person | Managing Partner at CVC DIF, commented on the significance of the investment. |
| Jason Williamson | CEO | Person | CEO of JW Water, highlighted the benefits and future focus of the acquisition. |