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Artesian Water Company, Inc. Closes On The Acquisition Of Town Of Clayton Water System

PUBLIC · ARTNAMay 26, 2022

Acquiring Company

Artesian Resources

Acquired Company

Town Water System

NewarkNatural ResourcesFinancial ServicesHealth CareMedicalWaterWater Purification

Description

Artesian Water Company, Inc., a subsidiary of Artesian Resources Corporation (Nasdaq: ARTNA), closed on the acquisition of the water system of the Town of Clayton, Delaware on May 26, 2022. The sale and transfer of assets from the Town of Clayton to Artesian Water Company was approved by the Delaware Public Service Commission on April 20, 2022.

Quick answer

Artesian Resources is acquiring Town Water System, announced May 26, 2022. Artesian Resources is based in Newark, Delaware, United States.

How much did Artesian Resources pay for Town Water System?
The deal value was not disclosed.
What does Artesian Resources do?
Artesian Water Company, Inc. owns, operates, and maintains water treatment and water distribution systems in Delaware.
Where are Artesian Resources and Town Water System based?
Artesian Resources is based in Newark, Delaware, United States.
Who are the decision-makers at Artesian Resources?
Fundz holds 1 contact at Artesian Resources. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

Artesian Resources

Location

Newark, Delaware, United States

About

Artesian Water Company, Inc. owns, operates, and maintains water treatment and water distribution systems in Delaware. It offers water meter reading, automated billing, water plant operations, and operational support services. The company also provides project management, and water and wastewater related services. In addition, it operates wastewater treatment facilities. The company was founded in 1905 and is based in Newark, Delaware. Artesian Water Company, Inc. operates as a subsidiary of Artesian Resources Corp.

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Frequently asked

Who acquired Town Water System?

Town Water System was acquired by Artesian Resources, based in Newark. The deal was reported on May 26, 2022. Artesian Water Company, Inc. owns, operates, and maintains water treatment and water distribution systems in Delaware. Artesian Resources is publicly traded (ARTNA) and operates in Natural Resources.

When did Artesian Resources acquire Town Water System?

Artesian Resources's acquisition of Town Water System was reported on May 26, 2022. Artesian Water Company, Inc., a subsidiary of Artesian Resources Corporation (Nasdaq: ARTNA), closed on the acquisition of the water system of the Town of Clayton, Delaware on May 26, 2022. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Town Water System do?

Town Water System is the company acquired in this transaction. It is privately held.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

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