EPCOR Water USA acquires 130 Pipeline Project in Texas
EPCOR Water USA, a fully owned unit of EPCOR Utilities (EPCOR), has acquired the 130 Pipeline Project (130 Pipeline), a 53-mile wholesale water supply pipeline that delivers groundwater from Burleson County to eastern Travis County in Austin, Texas.
EPCOR USA president Joe Gysel said: "This acquisition is a natural extension of our US business platform and builds off of our expertise in developing and providing water solutions in some of North America's most challenging arid environments.
"We are extremely pleased to be doing business in the state of Texas and look forward to developing and acquiring other similar businesses in the future."
EPCOR USA acquired the 130 Pipeline infrastructure and associated contracts and debt for total consideration of up to around $71m, including future capacity-related payments.
The purchase of the 130 Pipeline adds the state of Texas and wholesale water services to EPCOR USA's business platform.
EPCOR owns and operates over 3,200 miles of water distribution and sanitary collection mains and transmission pipe infrastructure across its 20 water and wastewater districts in the US.
In Canada, the company is responsible for more than 2,420 miles of distribution and transmission water mains in the city of Edmonton .
EPCOR also supplies wholesale water from its system to a vast regional network that serves over 290,000 people in more than 60 communities surrounding Edmonton.
"EPCOR has deep experience in water distribution and transmission development and operations. Leveraging that expertise for our U.S. business platform is a natural next step," Gysel noted.