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SJW Group's Texas Subsidiary Closes Acquisition of Kendall West, Bandera East Water Utilities.

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MANews-(C)2009-2021

US-based water and wastewater utility operator SJW Group's (NYSE: SJW) Texas subsidiary, SJWTX Inc., which does business as the Canyon Lake Water Service Company, has closed on the purchase of two water/wastewater acquisitions that were under common ownership, the company said.

The Kendall West and the Bandera East utilities have more than 1,600 water and wastewater service connections, and serve approximately 4,000 people in Kendall, Bandera and Medina counties in Texas.

With the addition of Kendall County, SJWTX will operate in three of the top five fastest percentage growth counties in the US according to the US Census Bureau.

The Kendall West and Bandera East utilities and Canyon Lake Water Service company rely on water resources from Canyon Lake and the Trinity aquifer.

In addition, Kendall West also provides wastewater services that deliver recycled water for landscape irrigation, stretching the use of scarce water resources.

This is the 14th acquisition by SJWTX since 2006. Over the past 15 years, the company has more than tripled in size from 6,500 to more than 23,900 water and wastewater service connections, including Kendall West.

Its service area extends across seven...

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