Washington Water has received approval from the Washington Utilities and Transportation Commission to acquire Rainier View Water Company’s (Rainier View Water) water system assets and provide water utility service to its 18,000 service connections. The transaction is expected to close in June 2020, subject to the remaining closing conditions in the purchase agreement including completion of diligence.
Rainier View Water serves about 35,000 people in parts of Graham, Spanaway, Puyallup, Gig Harbor, and other nearby areas through its 27 water systems. Washington Water has been working with Rainier View Water’s current employees over recent months to complete due diligence and ensure a seamless transition for its customers and employees. Washington Water filed the purchase agreement application in February 2020.
“This is an important step in the process, and we appreciate the Washington Utilities and Transportation Commission’s diligence in reviewing and approving this application, particularly as we are all focused on the coronavirus pandemic,” said Group’s President and Chief Executive Officer Martin A. Kropelnicki. “We look forward to bringing Rainier View Water’s employees into our family and providing its customers and communities the same quality, service, and value that we are committed to delivering in all of our service areas,” he said.