M&A
confidence medium
sentiment neutral
materiality 0.20
Washington Water Service completes acquisition of Stroh's Water Company
CALIFORNIA WATER SERVICE GROUP
- Washington Water, a CWT subsidiary, acquired Stroh's Water Company’s water system assets.
- The system serves approximately 900 customer connections in Washington state.
- The Washington Utilities and Transportation Commission approved the deal in October 2022.
- Washington Water plans to connect the Stroh's system with its Gig Harbor systems to improve reliability.
- Washington Water had operated Stroh's system under an O&M agreement since March 2021.