H2O America’s TWC to acquire assets from South Central Water Company

H2O America (HTO) announced that its regulated Texas water and wastewater utility, The Texas Water Company and South Central Water Company, a privately owned wastewater company in Bulverde, Texas, have entered into an agreement pursuant to which TWC will acquire a portion of the assets of SCW, specifically the Cibolo Valley wastewater treatment plant and associated collection systems. The transaction will expand TWC’s service footprint in the Texas Hill Country by adding over 1,500 new wastewater connections to its existing base of approximately 1,200 connections. Additionally, the Cibolo Valley wastewater system has more than 250 wastewater connections under contract and pending construction. TWC plans to use Texas Fair Market Value for this transaction and expects the application to be filed with the Public Utilities Commission of Texas in the third quarter of 2025 with a closing expected in the fourth quarter of 2026.