California American Water takes over Rio Plaza Water Company

California American Water, a unit of American Water, has snapped up the Rio Plaza Water Company in Ventura County for an undisclosed amount.

As per the agreed terms, California American Water offers its new customers state-regulated potable water service.

The agreement secured the green light from the California Public Utilities Commission and became effective on 4 June 2019.

Rio Plaza was previously owned by the Nickel family of Moorpark, California. The company has a client base of around 500.

California American Water director of Southern California operations Chris Mattis said: “We look forward to welcoming our new Rio Plaza customers to California American Water and are eager to introduce them to our various programmes that include rebates, free water conservation services and devices.

“California American Water maintains a staff of qualified personnel who are experts in their field and duly certified by the California State Water Resources Control Board.

“And our commitment to Rio Plaza customers includes ensuring they have access to safe and reliable water services at a reasonable rate.”

California American Water tends to more than 675,000 people through water and wastewater services.

“California American Water’s Ventura County service district includes approximately 21,000 households and businesses and serves a population of approximately 63,000 in the cities of Camarillo, Thousand Oaks, and the community of Newbury Park as well as unincorporated portions of Ventura County,” the company said in a statement.

California American Water has been on an acquisition spree in the recent years.

In 2017, the firm acquired Bellflower city’s municipal water system and operating assets of Hillview Water Company.

Earlier this year, California American Water announced the acquisition of East Pasadena Water Company.