Please do not leave this page until complete. This can take a few moments.
The Regional Water Authority (RWA) has acquired the assets of the Homeowner Safety Valve (HSV) Co., which provides water and sewer lines and in-home plumbing protection plans.
Safety Valve has more than 65,000 customers in 80 communities across New England.
Terms of the deal, announced Monday, were not disclosed.
According to RWA, this is the agency’s fourth commercial business acquisition since 2021 and it more than doubles the company’s service line and in-home protection business currently offered through its PipeSafe water, sewer, septic line and interior plumbing protection program.
The acquisition is also part of the company’s strategic focus to grow its existing non-core portfolio of offerings, which also includes WellSafe, laboratory services, fleet repair and rental income. RWA received a recent boost on the M&A front, when state lawmakers in late June gave the company the ability to make a bid for Bridgeport-based Aquarion Water Co. Aquarion’s parent company, Eversource, announced in February it would explore the sale of the water distribution company to raise needed cash.
Safety Valve customers purchase annual protection plans for water and/or sewer lines and/or in-home plumbing. RWA said the transaction will not impact HSV customers’ current protection coverage, terms or benefits.
The Hartford Business Journal 2025 Charity Event Guide is the annual resource publication highlighting the top charity events in 2025.
Learn moreHartford Business Journal provides the top coverage of news, trends, data, politics and personalities of the area’s business community. Get the news and information you need from the award-winning writers at HBJ. Don’t miss out - subscribe today.
SubscribeDelivering vital marketplace content and context to senior decision-makers throughout Connecticut ...
All Year Long!
The Hartford Business Journal 2025 Charity Event Guide is the annual resource publication highlighting the top charity events in 2025.
Hartford Business Journal provides the top coverage of news, trends, data, politics and personalities of the area’s business community. Get the news and information you need from the award-winning writers at HBJ. Don’t miss out - subscribe today.
Delivering vital marketplace content and context to senior decision-makers throughout Connecticut ...
All Year Long!
In order to use this feature, we need some information from you. You can also login or register for a free account.
By clicking submit you are agreeing to our cookie usage and Privacy Policy
Already have an account? Login
Already have an account? Login
Want to create an account? Register
In order to use this feature, we need some information from you. You can also login or register for a free account.
By clicking submit you are agreeing to our cookie usage and Privacy Policy
Already have an account? Login
Already have an account? Login
Want to create an account? Register
This website uses cookies to ensure you get the best experience on our website. Our privacy policy
To ensure the best experience on our website, articles cannot be read without allowing cookies. Please allow cookies to continue reading. Our privacy policy
0 Comments