Ridgewood Infrastructure sells stake in San Antonio’s Vista Ridge water pipeline, key to city’s water supply
(UI) — Ridgewood Infrastructure, a leading infrastructure investment firm focused on essential infrastructure in the U.S. lower middle market, has 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.
Related News
From Archive
- HDD industry faces challenges as cities push back on fiber drilling disruptions
- 2 workers killed, 1 injured while working on sewer line in Mobile, Ala.
- Tunnel boring continues under Chesapeake Bay for $3.9 billion HRBT Expansion project
- $5.3 billion, 516-mile pipeline to connect Texas to Arizona through New Mexico
- Judge approves construction for key portion of $485 million pipeline in Larimer County, Colo.
- New products: Latest industry developments
- 31 workers rescued after LA tunnel partially collapses
- Ohio Supreme Court rules sewer line location isn’t a ‘defect’ in property dispute
- Faulconer Construction begins rock blasting for water pipeline project in Charlottesville, Va.
- $5.3 billion, 516-mile pipeline to connect Texas to Arizona through New Mexico
Comments