M&A
confidence high
sentiment positive
materiality 0.40
Artesian Resources subsidiary to acquire Town of Clayton water system for $5M
ARTESIAN RESOURCES CORP
- Total purchase price $5.0 million, less any secured debt payoff on the water system.
- Assets include substantially all operating assets, exclusive franchise territory, and right to serve existing customers.
- Closing subject to due diligence and approval by the Delaware Public Service Commission.
- Asset Purchase Agreement signed February 16, 2022 between Artesian Water Company and Town of Clayton.