Epcor Water (USA) Inc., a subsidiary of the City of Edmonton-owned utility EPCOR, has reached an agreement to purchase the assets and operations of Arizona’s Willow Valley Water Company from GWR Global Water Resources Corp. for approximately $2.5 million.
Willow Valley is located in the northwestern corner of the state of Arizona, and the Willow Valley Water Company provides service to around 1,600 customers.
“We took ownership of Willow as part of our purchase of utilities in western Maricopa County,” said Ron Fleming, the president and CEO of Global Water. “However, Willow is located hundreds of miles away in Mohave County near Nevada. Due to its remote location and other factors, we have been unable to make Willow profitable as part of Global Water’s operations. However, because EPCOR has other utility systems in Mohave County, the consolidation of Willow into EPCOR’s northwestern operations is a strong fit that will benefit both the system’s operations and its customers.”
“The addition of Willow Valley is a natural step in the expansion of our U.S. business platform and continues to build on our regional footprint in northwestern Arizona,” agreed EPCOR USA president Joe Gysel. “Willow Valley presents an opportunity to complement our operations in northwestern Arizona, and we believe this change in ownership will benefit the customers of Willow Valley over the long term.”
EPCOR has now acquired six water companies in Arizona and New Mexico in the last four years, and is the largest private, regulated water utility in the two states, according to the Edmonton Journal.