California water service signs agreement to acquire gunner ranch west wastewater system

San jose, calif., oct. 29, 2020 (globe newswire) -- california water service (cal water), the largest subsidiary of california water service group (nyse: cwt), today announced that it has entered into an agreement to acquire the wastewater system assets of gunner ranch inc., which currently serves a large section of southern madera county including valley children's hospital. at buildout, the new gunner ranch west wastewater system will also serve a new development area including a planned 2,840 residential units, along with 2 million square feet of commercial and other medical facilities. the purchase is subject to customary closing conditions, and the transaction is expected to close by early 2021. 
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