Global Water Resources acquires two Arizona-based water utilities

Global Water Resources, a water resource management firm, has acquired two small Arizona-based water utility companies, Lyn-Lee Water Company and Tortolita Water Company.

Both the companies are situated near Tucson, Arizona, close to Global Water Resources’ existing Red Rock Utilities.

Financial details of the deals have not been disclosed.

After the acquisition, Global Water will have an additional 58 active water connections, taking its total connections to 47,827.

Global Water Resources president and CEO Ron Fleming said: “We look forward to bringing our leading water resource management capabilities to these communities. We expect all stakeholders involved to benefit from our successful approach to utility consolidation, operations and water conservation best practices.”

To resolve certain operational challenges, Lyn-Lee Water Company will require infrastructure investments.

Global Water will use its resources and specialised know-how to address these challenges.

In Pima County, Tortolita and Lyn-Lee represent Global Water’s third and fourth acquisitions for this year.

Global Water Resources chief strategy officer Christopher Krygier said: “Small utility companies similar to Tortolita and Lyn-Lee are often unable to overcome operational challenges that require additional capital, especially in this post-COVID-19 world.

“Global Water is well positioned to acquire these small utilities, and help them overcome obstacles with the capital investment and expertise we can provide.”

Previously, Global Water acquired Mirabell Water Company in October and Francesca Water Company in November.

In 2021, the company plans to make more tuck-in acquisitions in the county.