Global Water Resources, Inc. agreed to acquire Seven Water Systems from City of Tucson, Arizona for $8.4 million.
May 06, 2024
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Global Water Resources, Inc. (NasdaqGM:GWRS) entered into an asset purchase agreement to acquire Seven Water Systems from City of Tucson, Arizona for $8.4 million on April 25, 2024. The transaction is subject to approval by the Arizona Corporation Commission and transaction expected to close in early next year. The transaction is subject to customary closing conditions and approval by the ACC.
Global Water Resources, Inc. is a water resource management company. It owns, operates, and manages 29 water, wastewater, and recycled water systems in strategically located communities, principally in metropolitan Phoenix and Tucson, Arizona. It seeks to deploy an integrated approach, referred to as Total Water Management. Total Water Management is a comprehensive approach to water utility management that reduces demand on scarce non-renewable water sources and costly renewable water supplies, in a manner that ensures sustainability and communities both environmentally and economically. It treats water to potable standards and also treats, cleans, and recycles wastewater for a variety of non-potable uses. Its water supplies are derived from groundwater. It serves more than 82,000 people in over 32,000 homes within its 408 square miles of certificated service areas. It provides water and wastewater utility services under the regulatory authority of the Arizona Corporation Commission.
GLOBAL WATER RESOURCES, INC. 
