Chesapeake Utilities Corporation (
) has acquired the operating assets of plumbing and electric
services provider, Austin Cox Home Services.
In addition to HVAC, plumbing and electrical services, Austin
Cox can perform in-home conversions for those customers who choose
to convert from alternative fuels to natural gas.
Austin Cox will remain president of his eponymous company, which
will retain the name, Austin Cox Home Services.
In related news, CPK's subsidiary, Sandpiper Energy acquired the
assets of Eastern Shore Gas Co on May 31st. In a company issued
statement, CPK said the acquisition "is a key next step in our
growth strategy, enabling us to significantly expand our footprint
in Worcester County [Delaware]."
Shares of CPK are down 0.84% to $51.78 in afternoon trade,
within a 52-week range of $41.17 to $55.86.
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