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California Water Service (CWT) Moves to Take Full Control of BVRT in Texas Expansion Push
Yahoo Finance· 2026-01-24 11:16
Group 1 - California Water Service Group (CWT) is recognized as one of the 14 Best Mid-Cap Dividend Stocks to Buy Now, indicating strong investment potential in the dividend space [1] - CWT has agreed to acquire the remaining ownership interests in BVRT Utility Holding Company LLC, which would make it the sole owner of BVRT's seven water and wastewater utility subsidiaries serving the Austin–San Antonio corridor [2][3] - The acquisition is part of CWT's strategy to enhance its investment and operations in Texas, with plans to file a change-of-control application with the Public Utilities Commission of Texas (PUCT) [3][4] Group 2 - CWT operates as a holding company providing water utility and related services across multiple states, including California, Washington, New Mexico, Hawaii, and Texas [4]