California Water Service Group Acquires Remaining Membership Interests in BVRT
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 08 2026
0mins
Should l Buy CWT?
California Water Service Group, the majority equity investor in BVRT Utility Holding Company through its subsidiary, TWSC, has entered into an agreement to purchase the remaining membership interests of BVRT and become the sole owner of its seven subsidiary water and wastewater utilities in the Austin-San Antonio corridor. At the same time, BVRT has continued to expand its Texas footprint through opportunities to build and enhance water and wastewater infrastructure in the area. Group expects to file a change of control application with the Public Utilities Commission of Texas soon to acquire the remaining BVRT membership interests. Texas Water's acquisition of the remaining membership interests is subject to satisfaction of customary terms and conditions in addition to PUCT and Group Board approval. Separately, the PUCT has granted BVRT subsidiary Camino Real Utility Company a water certificate of convenience and necessity, forming a water utility that can serve future customer connections within nearly 230 acres southeast of downtown Mustang Ridge in Caldwell County. Camino Real, which already provides wastewater service to 270 customers in Travis and Caldwell counties, has also signed an agreement with Oatman Hill Municipal Utility District to extend about 21,500 feet of sewer main from its existing wastewater treatment facility to serve the adjacent, 253-acre Oatman Hill development. At full buildout, which is expected to occur in 2036, Oatman Hill is expected to include up to 5,000 equivalent dwelling units.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy CWT?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on CWT
Wall Street analysts forecast CWT stock price to rise
1 Analyst Rating
1 Buy
0 Hold
0 Sell
Moderate Buy
Current: 45.760
Low
51.00
Averages
51.00
High
51.00
Current: 45.760
Low
51.00
Averages
51.00
High
51.00
About CWT
California Water Service Group is a holding company that provides water utility and other related services in California, Washington, New Mexico, Hawaii and Texas through its subsidiaries. Its business is conducted through its operating subsidiaries and provides utility services. Its business consists of the production, purchase, storage, treatment, testing, distribution, and sale of water for domestic, industrial, public, and irrigation uses, and the provision of domestic and municipal fire protection services. It provides wastewater collection and treatment services, including treatment which allows water recycling. It also provides non-regulated water-related services under agreements with municipalities and other private companies. The non-regulated services include full water system operation, meter reading, and billing services. Non-regulated operations also include the lease of communication antenna sites, lab services and promotion of other non-regulated services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
California Water Service Group Celebrates 100 Years of Community Support
- Philanthropic Achievements: In 2025, California Water Service Group donated over $1.88 million to local organizations, supporting various charitable causes including at-risk youth and veterans, significantly enhancing the company's community impact.
- Firefighter Grant Program: The company allocated $186,000 through its 2025 Firefighter Grant Program to nine fire departments, demonstrating its commitment to community safety and strengthening partnerships with local emergency services.
- Educational Support Initiatives: California Water Service Group provided $80,000 in scholarships to 13 students pursuing higher education, facilitating their academic journeys and furthering community educational development.
- Employee Volunteerism: Approximately half of the company's employees participated in the 3rd annual Season of Service during the holidays, engaging in community volunteer projects that highlight the company's dedication to social responsibility and employee commitment.
See More
California Water Service CEO Joins CalCEO Council to Strengthen State Economy
- Economic Collaboration Initiative: California Water Service CEO Martin Kropelnicki joins the CalCEO Council, composed of 22 top California CEOs, aimed at addressing economic issues through best practices and public policy proposals to enhance community affordability.
- Corporate Responsibility Commitment: The company emphasizes enhancing quality of life for customers and communities by investing in water infrastructure and sustainability initiatives, reflecting its strong commitment to social responsibility.
- Service Coverage: As the largest regulated water utility in the western United States, California Water Service serves over 2.1 million people across California, Hawaii, New Mexico, Washington, and Texas, showcasing its leadership in the water sector.
- Centennial Service Celebration: This year marks the 100th anniversary of California Water Service, highlighting its long-standing commitment to water service and contributions to the community.
See More
California Water Service Group Celebrates 100 Years of Service
- Centennial Celebration: California Water Service Group plans a year-long celebration to commemorate its 100th anniversary, highlighting its historical legacy as a foundation for future success.
- Service Expansion: Since its founding in 1926, the company has grown from serving four communities to providing services to over 2.1 million residents across California, Hawaii, New Mexico, Texas, and Washington, making it the third-largest publicly traded water utility in the U.S.
- Corporate Mission: The company is committed to enhancing the quality of life for customers, communities, employees, and shareholders by responsibly investing in water infrastructure and sustainability initiatives, reflecting its role as the largest regulated water utility in the western United States.
- Honor Recognition: California Water Service Group has been recognized as one of
See More
California Water Service Group Acquires Full Ownership of BVRT Utility Holding Company
- Acquisition Expansion: California Water Service Group, through its subsidiary Texas Water, plans to acquire the remaining membership interests of BVRT, becoming the sole owner of its seven water and wastewater utilities in the Austin-San Antonio corridor, which is expected to enhance its market position significantly.
- Infrastructure Investment: BVRT continues to expand its Texas footprint by building and enhancing water and wastewater infrastructure, which is anticipated to support future customer connections and cater to the region's rapid growth.
- Strategic Integration: The Group plans to file a change of control application with the Texas Public Utilities Commission, and upon completion of the acquisition, it aims to better integrate the BVRT team, thereby improving operational efficiency and service quality.
- Customer Service Enhancement: The Camino Real subsidiary has been granted a water certificate of convenience and necessity, which is expected to serve future customer connections within nearly 230 acres, further solidifying its service capabilities in rapidly growing communities.
See More
California Water Service Group Promotes Two Executives to VP Positions
- Executive Promotions: California Water Service Group announced the promotion of Todd K. Peters to Vice President of Engineering and Thomas A. Scanlon to Vice President, Corporate Controller and Chief Accounting Officer effective January 1, 2026, recognizing their contributions and aiming to enhance the leadership team's expertise.
- Rich Experience: Peters, who joined the company in 1993, has held various roles, most recently as Chief Engineering Officer, and is a licensed Professional Engineer in multiple states, while Scanlon, who joined in 2010, holds a Bachelor’s in Finance and an MBA, and is a Certified Public Accountant, bringing unique expertise to the team.
- Company Background: California Water Service Group provides regulated and non-regulated water and wastewater services to over 2.1 million people across several states, and with these promotions, the company aims to leverage enhanced management capabilities for sustained growth.
- Strategic Implications: Chairman and CEO Martin A. Kropelnicki stated that these promotions not only acknowledge the contributions of both executives but also aim to provide stronger leadership for the company's future, helping maintain its competitive edge in the water services industry.
See More
California Water Service Group's Subsidiary Gets Authorization to Raise Rates Temporarily
See More
California Water Service Group Celebrates 100 Years of Community Support
- Philanthropic Achievements: In 2025, California Water Service Group donated over $1.88 million to local organizations, supporting various charitable causes including at-risk youth and veterans, significantly enhancing the company's community impact.
- Firefighter Grant Program: The company allocated $186,000 through its 2025 Firefighter Grant Program to nine fire departments, demonstrating its commitment to community safety and strengthening partnerships with local emergency services.
- Educational Support Initiatives: California Water Service Group provided $80,000 in scholarships to 13 students pursuing higher education, facilitating their academic journeys and furthering community educational development.
- Employee Volunteerism: Approximately half of the company's employees participated in the 3rd annual Season of Service during the holidays, engaging in community volunteer projects that highlight the company's dedication to social responsibility and employee commitment.
See More
California Water Service CEO Joins CalCEO Council to Strengthen State Economy
- Economic Collaboration Initiative: California Water Service CEO Martin Kropelnicki joins the CalCEO Council, composed of 22 top California CEOs, aimed at addressing economic issues through best practices and public policy proposals to enhance community affordability.
- Corporate Responsibility Commitment: The company emphasizes enhancing quality of life for customers and communities by investing in water infrastructure and sustainability initiatives, reflecting its strong commitment to social responsibility.
- Service Coverage: As the largest regulated water utility in the western United States, California Water Service serves over 2.1 million people across California, Hawaii, New Mexico, Washington, and Texas, showcasing its leadership in the water sector.
- Centennial Service Celebration: This year marks the 100th anniversary of California Water Service, highlighting its long-standing commitment to water service and contributions to the community.
See More
California Water Service Group Celebrates 100 Years of Service
- Centennial Celebration: California Water Service Group plans a year-long celebration to commemorate its 100th anniversary, highlighting its historical legacy as a foundation for future success.
- Service Expansion: Since its founding in 1926, the company has grown from serving four communities to providing services to over 2.1 million residents across California, Hawaii, New Mexico, Texas, and Washington, making it the third-largest publicly traded water utility in the U.S.
- Corporate Mission: The company is committed to enhancing the quality of life for customers, communities, employees, and shareholders by responsibly investing in water infrastructure and sustainability initiatives, reflecting its role as the largest regulated water utility in the western United States.
- Honor Recognition: California Water Service Group has been recognized as one of
See More
California Water Service Group Acquires Full Ownership of BVRT Utility Holding Company
- Acquisition Expansion: California Water Service Group, through its subsidiary Texas Water, plans to acquire the remaining membership interests of BVRT, becoming the sole owner of its seven water and wastewater utilities in the Austin-San Antonio corridor, which is expected to enhance its market position significantly.
- Infrastructure Investment: BVRT continues to expand its Texas footprint by building and enhancing water and wastewater infrastructure, which is anticipated to support future customer connections and cater to the region's rapid growth.
- Strategic Integration: The Group plans to file a change of control application with the Texas Public Utilities Commission, and upon completion of the acquisition, it aims to better integrate the BVRT team, thereby improving operational efficiency and service quality.
- Customer Service Enhancement: The Camino Real subsidiary has been granted a water certificate of convenience and necessity, which is expected to serve future customer connections within nearly 230 acres, further solidifying its service capabilities in rapidly growing communities.
See More
California Water Service Group Promotes Two Executives to VP Positions
- Executive Promotions: California Water Service Group announced the promotion of Todd K. Peters to Vice President of Engineering and Thomas A. Scanlon to Vice President, Corporate Controller and Chief Accounting Officer effective January 1, 2026, recognizing their contributions and aiming to enhance the leadership team's expertise.
- Rich Experience: Peters, who joined the company in 1993, has held various roles, most recently as Chief Engineering Officer, and is a licensed Professional Engineer in multiple states, while Scanlon, who joined in 2010, holds a Bachelor’s in Finance and an MBA, and is a Certified Public Accountant, bringing unique expertise to the team.
- Company Background: California Water Service Group provides regulated and non-regulated water and wastewater services to over 2.1 million people across several states, and with these promotions, the company aims to leverage enhanced management capabilities for sustained growth.
- Strategic Implications: Chairman and CEO Martin A. Kropelnicki stated that these promotions not only acknowledge the contributions of both executives but also aim to provide stronger leadership for the company's future, helping maintain its competitive edge in the water services industry.
See More
California Water Service Group's Subsidiary Gets Authorization to Raise Rates Temporarily
See More
