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Slide #11. Artesian Water Maryland, Inc. — CECO Utilities, Inc.
Acquirer:
Artesian Water Maryland, Inc. (NASDAQ:ARTNA)
Acquiree:
CECO Utilities, Inc.
Details:
Artesian Water Maryland, Inc., a subsidiary of Artesian Resources Corporation (NASDAQ:ARTNA), on Wednesday closed on its agreement to acquire the water assets of CECO Utilities, Inc., a small company serving approximately 160 customers in Cecil County, Maryland.
Artesian Resources is a holding company. Through its wholly-owned subsidiaries, Co. provides water, wastewater and other services in Delaware, Maryland and Pennsylvania. Co. distributes and sells water, including water for public and private fire protection, to residential, commercial, industrial, municipal and utility customers in the states of Delaware, Maryland and Pennsylvania. Co. provides wastewater services to customers in Delaware. In addition, Co. provides contract water and wastewater operations, and water, sewer and internal Service Line Protection Plans.
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