M&A
confidence high
sentiment positive
materiality 0.60
Artesian subsidiary to acquire Tidewater Environmental Services for $6.4M
ARTESIAN RESOURCES CORP
- Artesian Wastewater Management to acquire TESI from Middlesex Water for $6.4M cash and forgiveness of $2.1M intercompany note.
- TESI serves approximately 3,600 regulated wastewater customers in Sussex County, Delaware.
- Closing expected prior to December 31, 2021, subject to Delaware Public Service Commission approval.
- Acquisition expands Artesian's regulated wastewater footprint in Delaware.