October 6, 2017 11:23am
• Change in ownership in early 2018
• Adds about 1,500 customers
Financial terms of the deal were not made public.
Hillview Water Company, which consists of approximately 1,500 metered customer connections, is located 67 miles from California American Water’s Meadowbrook service area in Merced. The purchase of the system in combination with the Meadowbrook service area will double California American Water’s customer base in the Central Valley to more than 3,100 customers.
California American Water currently supplies water service to nearly 600,000 California customers, about one-third of which are in the Central Valley. It is a subsidiary of American Water (NYSE: AWK).