NW Natural Water Expands Arizona Presence With Acquisition Of Rose Valley Water Company In Major Phoenix Suburb
Portfolio Pulse from Benzinga Newsdesk
NW Natural Water, a subsidiary of NW Natural Holding Company (NWN), has expanded its presence in Arizona with the acquisition of Rose Valley Water Company. This transaction allows NW Natural Water to serve more than 164,000 people through approximately 66,000 connections across five states.
October 03, 2023 | 5:42 am
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The acquisition of Rose Valley Water Company by NW Natural Water, a subsidiary of NW Natural Holding Company (NWN), expands its customer base and strengthens its presence in Arizona.
The acquisition of Rose Valley Water Company allows NW Natural Water to serve more people, thereby increasing its customer base. This could potentially lead to increased revenues and profitability for NWN, positively impacting its stock price in the short term.
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