In April, California American Water (CAW) signed an agreement to acquire the assets of Fruitridge Vista Water Company, a family-owned Class B water utility located in south Sacramento County. The acquisition will add approximately 4,800 new customers to CAW’s statewide customer base of almost 180,000 homes and businesses.
In a media announcement, CAW’s Director of Northern California Operations S. Audie Foster said, “We are pleased to have entered into a contract and look forward to serving customers in the Fruitridge area. Our Parkway water system is just south of Fruitridge Vista, so we know the area well. This acquisition will allow Fruitridge Vista customers to take advantage of our excellent conservation and customer service programs.”
Robert C. Cook Jr., owner of Fruitridge Vista Water Company, noted, “The contract agreement is a step forward and secures long-term quality service for our customers.”
The $20.75 million acquisition is pending approval by the California Public Utilities Commission, which regulates the water utility.