CVC DIF has acquired 18 water and wastewater utilities serving more than 50,000 customers in Arizona through two transactions, creating a sizable mid-market regulated water and wastewater utility platform in the U.S. Southwest.
CVC DIF has acquired JW Water, a regulated water and wastewater utility platform serving approximately 9,000 customers across 19 utilities in Arizona. The firm also acquired a portfolio of eight regulated water and wastewater utilities that originally were developed or purchased by real estate developer Ed Robson. The eight utilities serve more than 41,000 customers in Robson’s master-planned communities in Arizona.
The investments in JW Water and the Robson utilities were made through DIF Infrastructure VII, which held its final close in March at €4.4 billion ($5 billion).
“The acquisition of JW Water, together with the acquisition of the eight Robson utilities, represents a significant investment in infrastructure that is critical
