Ridgewood Infrastructure Announces Sale of Vista Ridge Water Pipeline in San Antonio

October 07, 2024 09:45 PM AEDT | By Cision

Ridgewood Infrastructure Announces Sale of Vista Ridge Water Pipeline in San Antonio — Image source: Kalkine Media

Recent News

EICMA 2024: THE RECORD-BREAKING EDITION INAUGURATES IN A MONTH

HoneyNaps actively supplies "AI solutions" to U.S. medical institution...

Electronic System Design Industry Posts $4.7 Billion in Revenue in Q2...

Healthy Spaces Podcast: Season 4, Episode 10 - Building Zero

NEW YORK, Oct. 7, 2024 /PRNewswire/ -- Ridgewood Infrastructure, a leading infrastructure investment firm focused on essential infrastructure in the U.S. lower middle market, today announced the successful sale of its 75% interest in the Vista Ridge water pipeline. Vista Ridge delivers approximately 20% of San Antonio's fresh water under a long-term concession agreement with the San Antonio Water System (SAWS).

The Vista Ridge pipeline is a critical component of San Antonio's infrastructure, providing fresh drinking water supporting the city's long-term, sustainable growth. The pipeline was constructed as part of the largest water public-private partnership in U.S. history, and its sale marks the culmination of Ridgewood Infrastructure's strategic investment.

Michael Albrecht, Managing Partner of Ridgewood Infrastructure, expressed his appreciation for the partnership with SAWS and the broader community efforts that made the project a success.

"We are proud of the vital role Ridgewood Infrastructure played in the Vista Ridge pipeline. Our fruitful partnership with San Antonio Water System was instrumental in bringing this transformative project to life, ensuring the city has the resources it needs," said Albrecht. "We also want to acknowledge the efforts of city officials and the many San Antonio stakeholders whose support and collaboration were instrumental to completing this ambitious project for the betterment of all residents. Together, we have created lasting infrastructure that will support the city for generations to come."

The Vista Ridge project underscores Ridgewood Infrastructure's commitment to addressing critical infrastructure challenges across the U.S. and delivering impactful solutions that drive long-term value for communities and stakeholders.

TD Securities (USA) LLC acted as exclusive financial advisor and White & Case, LLP as legal advisor to Ridgewood Infrastructure.

About Ridgewood Infrastructure
Ridgewood Infrastructure is a leading infrastructure investor in the U.S. lower middle market with sectors of focus including Water, Energy Transition, Transportation, and Utilities. For more information, please visit www.ridgewoodinfrastructure.com.

Ridgewood Infrastructure
527 Madison Avenue, 18^th Floor
New York, NY 10022
Phone: (212) 867-0050
Email: [email protected]

Logo - https://mma.prnasia.com/media2/1163658/Ridgewood_Logo.jpg?p=medium600

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (“Kalkine Media, we or us”), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary.
The content published on Kalkine Media also includes feeds sourced from third-party providers. Kalkine does not assert any ownership rights over the content provided by these third-party sources. The inclusion of such feeds on the Website is for informational purposes only. Kalkine does not guarantee the accuracy, completeness, or reliability of the content obtained from third-party feeds. Furthermore, Kalkine Media shall not be held liable for any errors, omissions, or inaccuracies in the content obtained from third-party feeds, nor for any damages or losses arising from the use of such content.
Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyrighted to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have made reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.

This disclaimer is subject to change without notice. Users are advised to review this disclaimer periodically for any updates or modifications.