Wednesday July 23, 8:00 am ET CLINTON, Conn.--(BUSINESS WIRE)--The Connecticut Water Company (CWC), a wholly owned subsidiary of Connecticut Water Service, Inc. (NASDAQ GS:CTWS), announced today that it has signed a definitive agreement to purchase the Ellington Acres Company (EAC). EAC is a regulated water utility company that provides water service to approximately 750 customers, or approximately 2,300 people in the town of Ellington, Connecticut. Under the terms of the agreement, Connecticut Water will purchase all issued and outstanding shares of EAC for $1,495,000. Connecticut Water currently serves more than 36,000 customers in Ellington and its surrounding towns in northern Connecticut and its water system is in close proximity to that of EAC. Eric W. Thornburg, President and CEO of Connecticut Water, says this...
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