International Finance

EPCOR USA to acquire Rio Verde Utilities

The acquisition will mark EPCOR's 10th addition since its time in the United States

EPCOR USA Inc. recently announced it has entered into an agreement to acquire Rio Verde Utilities in an effort to expand its presence as Arizona’s largest regulated water and wastewater provider, reported WaterWorld.

“The Rio Verde community has benefited from the thoughtful and dedicated service delivered by Rio Verde Utilities for nearly 50 years, a long-term operational philosophy similar to our own,” said Joe Gysel, president of EPCOR USA. “We are pleased to have been chosen by Rio Verde Utilities to continue the tradition of safe and reliable service, and we look forward to serving the Rio Verde, Tonto Verde and Trilogy communities.”

The regulated operations of Rio Verde Utilities include 2,220 water and 1,876 wastewater service connections in addition to irrigated water for five golf courses.

“It was our founding investors’ vision and it has been our privilege and honor, to serve the Rio Verde, Tonto Verde and Trilogy communities, from the development of the very first homes to the beautiful and growing communities that they are today,” said Bruce Mooty, chairman and ehief executive officer of Rio Verde Utilities. “Many of our investors have homes in Rio Verde and Tonto Verde, and EPCOR is committed to continuing the values of delivering safe and reliable service to customers, employees and communities that our company was founded on.”

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