Voltage sag mitigation utilizing dynamic voltage restorers (DVRs) can be classified as a common-pool resource (CPR) good. However, the ability of DVRs in improving voltage sag performance of only downstream customers provides the ability to exclude the non-contributors selectively. Therefore, unlike traditional CPR goods, the DVR allocation problem can give rise to partial excludability. Here, the non-collocated customers have been divided into feasible clusters through suitable positioning of DVRs using the proposed graph-partitioning principle. In the absence of trustworthiness, especially with the participation of electricity supply companies, the participants may ask an external agent and share their willingness-to-pay information to design the optimal set of clusters. Alternatively, the customers, including electricity supply companies, can also share internal information as an open system. Strategies for sharing internal information to avoid free-riding are also discussed. The utility distribution would ensure the viability of contribution group formation. Here, the results from three different utility-distributing solution concepts, such as an alternative definition of the core, the nucleous, and Shapley value, are compared. The simulation results are numerically verified for a small scale system and validated utilizing a large scale system. The proposed methodology can be used for any real-world system that follows similar properties.