California Water Service Group (NYSE:CWT) is named one of the 14 Best Mid-Cap Dividend Stocks to Buy Now. The company is moving to acquire full control of BVRT in Texas, expanding its presence in the Austin-San Antonio corridor. The deal is pending approval from the Public Utilities Commission of Texas and the Group’s board.

California Water Service Group operates as a holding company, providing water utility and related services in multiple states. The company is pursuing strategic opportunities in Texas, aiming to enhance water and wastewater infrastructure in the region. CEO Martin A. Kropelnicki emphasizes the importance of expanding investment and operations in order to provide top-tier utility service.

The Group plans to file a change-of-control application with the Public Utilities Commission of Texas for the acquisition of BVRT. The transaction is subject to standard closing conditions and approval from regulatory bodies. California Water Service Group aims to further integrate BVRT into its operations, leveraging the partnership to enhance service for customers.

Read more at Yahoo Finance: California Water Service (CWT) Moves to Take Full Control of BVRT in Texas Expansion Push