California American Water to buy East Pasadena Water Company

American Water subsidiary California American Water has signed an agreement to acquire the East Pasadena Water Company’s assets, for an undisclosed sum.

California American Water provides water and wastewater services to more than 690,000 California residents.

Upon completion of the deal, the company will provide water to nearly 10,000 residents in Temple City, Arcadia and the East Pasadena region.

California American Water president Rich Svindland said: “We are pleased to have entered into a contract and look forward to serving customers in the East Pasadena Water Company service area.

“Our San Marino and Rosemead water systems are near East Pasadena so we know the area well. East Pasadena customers will be able to take advantage of our excellent conservation, rate assistance and customer service programs once the integration is complete.”

Located in Los Angeles County, California, East Pasadena Water Company is a privately owned class B utility.

East Pasadena Water Company owner Tony Garnier said: “As a proud water provider to this community for more than 85 years, it was very important that our customers receive service from a company with local ties to the area.

“I believe that California American Water, with its long and distinguished service record in the area, will continue to provide the exceptional level of service and care our customers have come to expect. In short, I believe this is the right fit for our customers, the community and our employees.”

The two companies will file an application at the California Public Utilities Commission for approval of the transaction.