NWN - NW Natural Water acquires Far West's water and wastewater utilities in Arizona

NW Natural Water, wholly-owned subsidiary of Northwest Natural (NYSE:NWN), agreed to purchase the water and wastewater utilities of Yuma, Arizona-based Far West Water & Sewer serving 25K connections in the Foothills area. "This marks an exciting milestone, as we establish operations in our fifth state and continue to build a leading water and wastewater utility," NW Natural Water's president commented. This acquisition is projected to be accretive to EPS after the first full year of operations. Transaction is expected to close in 2H22. Far West is NW Natural Water’s 19th announced acquisition since launching its water and wastewater utility strategy. Post all acquisitions closure, NW Natural Water will provide water and wastewater services to ~130K people through 52K+ connections; its operations will span the Pacific Northwest, Texas and Arizona and represent ~$200M of cumulative investment in the water sector.

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NW Natural Water acquires Far West's water and wastewater utilities in Arizona