California Water Service Enters into Agreement to Acquire Casa Loma Water Company and Palm Mutual Water Company

SAN JOSE, Calif., May 29, 2025 (GLOBE NEWSWIRE) -- California Water Service (Cal Water), the largest subsidiary of California Water Service Group (NYSE: CWT), has signed agreements with Casa Loma Water Company (Casa Loma) and Palm Mutual Water Company (Palm Mutual) to acquire both systems’ water utility assets. Casa Loma serves about 900 people through 237 residential and 11 commercial customer connections. The system is located three miles from Cal Water’s Bakersfield Operations Center and is surrounded by ...