Artesian subsidiary completes $6.4M acquisition of Tidewater Environmental from Middlesex Water

ARTESIAN RESOURCES CORP

Artesian Wastewater bought all TESI stock for $6.4M cash plus forgiveness of $2.1M intercompany note.
TESI serves approximately 3,600 regulated wastewater customers in Sussex County, Delaware.
Transaction approved by Delaware PSC on Oct 27, 2021; closed Jan 14, 2022.

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