California water service signs agreement to acquire skylonda mutual water company

San jose, calif., march 15, 2021 (globe newswire) -- california water service (cal water), the largest subsidiary of california water service group (nyse: cwt), has entered into an agreement to acquire the water system assets of skylonda mutual water company, which serves 176 customer connections adjacent to cal water's bear gulch district. the purchase is subject to customary closing conditions, including the approval of the california public utilities commission, and the transaction is expected to close in 2022.
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