SJW Group Agrees to Purchase Deer Creek Ranch Water System Assets
Dec 04, 2017
SJW Group announced that SJWTX, Inc., doing business as Canyon Lake Water Service Company, a wholly-owned subsidiary of SJW Group, entered into an agreement to purchase Deer Creek Ranch Water Co., LLC’s water system assets.
SJW Group oday announced that SJWTX, Inc., doing business as Canyon Lake Water Service Company, a wholly-owned subsidiary of SJW Group, entered into an agreement to purchase Deer Creek Ranch Water Co., LLC’s water system assets. The system includes approximately 750 service connections over an area of 1,191 acres in Hays and Travis counties on the rapidly growing western fringe of the Austin metropolitan area and is located about 40 miles north of SJWTX, Inc.’s existing water system in Comal County. The agreement is subject to customary closing conditions, including the approval by the Public Utility Commission of Texas.
According to Eric W. Thornburg, President and Chief Executive Officer of SJW Group, execution of the agreement is a step forward for all stakeholders to secure long-term and high quality water service for customers in an economically vibrant region. Mr. Thornburg states that, “SJWTX works hard to put customers first and is committed to providing exceptional customer service.”
About SJW Group
SJW Group is a publicly traded holding company headquartered in San Jose, California. SJW Group is the parent company of San Jose Water Company, SJWTX, Inc., Texas Water Alliance Limited, and SJW Land Company. Together, San Jose Water Company and SJWTX, Inc. provide water service to more than one million people in San Jose, California and nearby communities and in Canyon Lake, Texas and nearby communities. SJW Land Company owns and operates commercial real estate investments.
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