CWT - Mergers and acquisitions

GIG HARBOR, Wash., July 18, 2023 (GLOBE NEWSWIRE) -- Washington Water Service (Washington Water), a subsidiary of California Water Service Group (Group) (NYSE:CWT), yesterday completed the acquisition of Stroh's Water Company's (Stroh's Water) water system assets. The closing follows approval by the Washington Utilities and Transportation Commission (WUTC) in October 2022. Washington Water has served Stroh's Water's 900 customer connections since March 2021 through an operation and maintenance agreement, and has supported the utility on an emergency basis for more than 20 years. Washington Water plans to connect Stroh's system with its surrounding Gig Harbor systems in the future to impro

GIG HARBOR, Wash., Nov. 22, 2022 (GLOBE NEWSWIRE) -- Washington Water Service (Washington Water), a subsidiary of California Water Service Group (Group), announced today that it has completed the acquisition of Driftwood Valley Association's water system assets. Washington Water will now provide water utility service to Driftwood Valley Homeowner Association's 62 customers in Yelm, Wash. As part of the acquisition, Washington Water also expects to provide service to new customers in the association as its 21 empty lots are developed. Washington Water plans to continue investing in local water system infrastructure to help maintain a reliable supply of safe, clean water flowing to customer

SAN JOSE, Calif., June 22, 2022 (GLOBE NEWSWIRE) -- California Water Service Group (NYSE:CWT) subsidiary Texas Water Service (Texas Water), through its strategic partnership with BVRT Utility Holding Company, has completed the acquisition of Railyard Utility's wastewater system. This is the fifth utility owned and operated by Texas Water and BVRT.   Railyard Utility, renamed Spanish Trail Utility, currently provides wastewater utility service to 345 customers near BVRT's Plum Creek Utility and Windy Hill Utility systems in the Austin metropolitan area. An estimated additional 150 customers can be served when the community has been built out. "We are pleased to be growing our wastewater u

WAIKOLOA, Hawaii, May 03, 2021 (GLOBE NEWSWIRE) -- California Water Service Group (Group) (NYSE:CWT) subsidiary Hawaii Water Service (Hawaii Water) has completed the acquisition of Kapalua Water Company and Kapalua Waste Treatment Company from Maui Land & Pineapple Company (MLP). Hawaii Water will now begin providing water and wastewater service to ML&P's 1,000 customer connections in the Kapalua, Maui resort area. Kapalua's water and wastewater utilities serve homes, hotels, condominiums, golf courses, restaurants, and other resort amenities in West Maui. Hawaii Water will invest in the water and wastewater system infrastructure to keep service reliable for customers' everyday and emerge