NYSE:CWTWater Utilities
California Water Service Expands Regulated Base With Multi State Acquisitions
California Water Service Group (NYSE:CWT) is acquiring Nexus Water Group's Nevada and Oregon operations and plans to acquire seven Texas utilities.
The deals will add around 36,000 new residential connections to its regulated system footprint.
The company is expanding its presence beyond its core California markets into additional western and southern states.
California Water Service Group, trading at $45.78, is taking a clear step to grow its regulated utility base outside California. For...