Washington Water, a subsidiary of California Water Service Group (Group), has received approval from the Washington Utilities and Transportation Commission to acquire the assets of Stroh’s Water Company (Stroh’s Water). The purchase remains subject to customary closing conditions and is expected to close by the first quarter of 2023.
Washington Water has been serving Stroh’s Water’s 900 customer connections since March 2021 through an operation and maintenance agreement, and has supported them on an emergency basis for more than 20 years. Washington Water intends to connect Stroh’s system with its surrounding Gig Harbor systems in the future to improve water service reliability to both Stroh’s Water and existing Washington Water customers.
“We appreciate the WUTC’s diligence in reviewing this transaction,” said Martin A. Kropelnicki, Group President and Chief Executive Officer. “We also look forward to completing the acquisition with the Stroh family and officially welcoming its customers to our Washington Water family.”
About Washington Water Service and California Water Service Group
Washington Water Service provides regulated water utility service to 36,400 customer connections in Clallam, Jefferson, Kitsap, Mason, Pierce, King, San Juan, and Thurston counties, as well as wastewater service on Orcas Island. Washington Water is a wholly owned subsidiary of California Water Service Group, which also includes California Water Service, Hawaii Water Service, New Mexico Water Service, and Texas Water Service, a utility holding company. Together, these companies provide regulated water and wastewater utility service to more than 2 million people in over 100 California, Hawaii, New Mexico, Texas, and Washington communities. Group’s common stock trades on the New York Stock Exchange under the symbol “CWT.” Additional information is available online at www.calwatergroup.com.