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Quadvest Fair Market Value Determination Received; On Track for Mid-2026 Close
Globenewswire· 2025-12-29 21:05
Core Viewpoint - H2O America announced that its Texas water utility, The Texas Water Company, received appraised fair market values for the assets of Quadvest LP, with a purchase price of $483.6 million, which will be used as the ratemaking rate base [1][2]. Group 1: Acquisition Details - The Texas Water Company plans to file a Sale-Transfer-Merger application with the Public Utility Commission of Texas by mid-January to seek approval for the acquisition of Quadvest LP assets [2]. - The anticipated closing date for the Quadvest acquisition is mid-2026 [2]. Group 2: Appraisal Process - The appraisal process involved three Public Utility Commission of Texas-appointed appraisers who determined the fair market values for Quadvest LP's assets [1]. - Aundrea Williams, President of The Texas Water Company, expressed appreciation for the efforts of all parties involved in the appraisal process and believes the FMV determination supports the benefits of the transaction [2].