NW Natural Water Company, a wholly-owned subsidiary of Northwest Natural Holding Company, has agreed to acquire all the interests of Infrastructure Capital Holdings, which includes the assets of Puttman Infrastructure. The acquisition will add approximately 4,200 water, wastewater and recycled water customers across Oregon, Idaho and California, expanding to an expected 19,000 connections at full buildout. Upon closing, Tom Puttman, president of Puttman Infrastructure and ICH, will join the company as president of NW Natural Water. The transaction is expected to close in the third quarter of 2024 with Puttman joining NW Natural Water at that time.
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