NW Natural Water Company, LLC (NW Natural Water), a wholly-owned subsidiary of Northwest Natural Holding Company (NYSE:NWN) (NW Natural Holdings), has expanded further in two states with the acquisitions of Hiland Water Corporation’s water utility business in Newberg, Oregon and Truxton Canyon Water Company and Cerbat Water Company near Kingman, Arizona. In addition, NW Natural Water increased its ownership in Avion Water Company, which serves communities in and around Bend, Oregon and is the largest privately owned utility in Oregon.
“We are excited to see NW Natural Water continue to expand across our existing regions,” said Justin Palfreyman, NW Natural Water’s president. “We continue to execute on our strategy to build a strong water and wastewater utility business that is focused on safety, reliability, customer service, and environmental stewardship.”
NW Natural Water acquired Hiland Water’s services company that serves over 5,000 customers in October 2023. In December 2023, NW Natural Water acquired Hiland Water which serves an additional 2,100 regulated utility connections across western Oregon. Truxton Canyon Water Company and Cerbat Water Company closed in December 2023 and collectively serve approximately 1,400 water customers in northwest Arizona. Finally, NW Natural Water increased its ownership interest in Avion Water in January 2024 and currently owns approximately 45% of Avion, which serves over 15,000 customers in central Oregon.
With these transactions, NW Natural Water serves nearly 175,000 people through approximately 70,000 connections across five states.