Ridgewood Infrastructure, a leading investment firm specialising in U.S. essential infrastructure, has announced the sale of its 75% stake in the Vista Ridge water pipeline, a crucial project that supplies around 20% of San Antonio’s fresh water. The pipeline is part of a landmark public-private partnership, designed to support the city’s long-term growth by securing a sustainable water supply.

The Vista Ridge pipeline, which delivers fresh drinking water to San Antonio under a long-term agreement with the San Antonio Water System (SAWS), was developed as one of the largest water public-private partnerships in U.S. history. Ridgewood Infrastructure’s sale of its interest in the project marks the culmination of its strategic investment in the venture.

Michael Albrecht, Managing Partner at Ridgewood Infrastructure, highlighted the significance of the project for the city and expressed gratitude for the collaboration with SAWS and the local community.

“We are proud of the essential role Ridgewood played in the development of the Vista Ridge pipeline,” Albrecht said. “Our strong partnership with the San Antonio Water System was instrumental in bringing this transformative project to fruition, ensuring the city has the water resources needed for its continued growth.”

Albrecht also acknowledged the crucial role of local authorities and San Antonio stakeholders in supporting the project. “The efforts of city officials and community members were vital to the success of this ambitious initiative. Together, we have created lasting infrastructure that will serve the city for generations.”

Vital Infrastructure for San Antonio

The Vista Ridge pipeline, completed in 2020, stretches 142 miles from Burleson County to San Antonio, delivering groundwater to the city under a 30-year concession agreement. The project is seen as key to the city’s sustainable development, ensuring a reliable water supply for its growing population and reducing dependence on existing local water sources.

The pipeline represents a significant achievement in addressing the infrastructure challenges faced by San Antonio, where rising water demand had raised concerns about future shortages. The Vista Ridge project has alleviated those concerns, providing a long-term solution that supports the city’s economic growth and ensures the well-being of its residents.

Ridgewood Infrastructure’s involvement in the project underscores its commitment to investing in essential infrastructure that delivers long-term value to communities across the U.S. The firm focuses on lower middle market projects that address critical needs in sectors such as water, energy, and transport.

In addition to its role in the successful development of the Vista Ridge pipeline, Ridgewood has made a number of strategic investments in similar infrastructure projects across the U.S., contributing to vital improvements in public services and sustainability efforts.

The sale of Ridgewood’s stake was supported by TD Securities (USA) LLC, acting as exclusive financial advisor, and White & Case LLP, which provided legal advisory services.

The Vista Ridge project remains under the management of SAWS, which will continue its role in maintaining and operating the pipeline to serve the needs of San Antonio’s residents.

Share.