American Water Completes Acquisitions in Three States
American Water, the largest private supplier of water services in North America, announced today that its Pennsylvania, Illinois and Missouri subsidiaries recently completed utility purchases in their respective states, adding three local communities to the water company's system.
"These three opportunities are part of our planned and ongoing process to grow American Water and focus on delivering high quality water services to households and businesses across the country," said Jeremy Pelczer, president and chief executive officer of American Water. "We are delighted with these purchases and look forward to serving our new customers."
Pennsylvania American Water has purchased the water assets of Sligo Borough Authority for $430,000. As a result of the acquisition, Pennsylvania American Water will serve approximately 1,354 additional customers in the Sligo Borough and Piney Township (Clarion County). Pennsylvania American Water, the largest regulated water utility in the state, now serves more than two million people in 368 Pennsylvania communities.
On August 27, Illinois American Water announced the acquisition of the Saunemin water system for $310,000. This water system currently serves 647 residents and will become part of the Illinois American Water system that currently provides water and/or wastewater services to more than one million people in 125 Illinois communities. Illinois American Water is the largest water utility in the state.
"We have worked closely with this small community for two years while operating their water system, and the acquisition is something that will benefit the village and also allow these residents to have the benefit of trusted water service from Illinois American Water," said Terry Gloriod, managing director of the Central Region of American Water that includes Illinois. "Customers are the winners. They get the expertise and economies of scale of American Water delivered locally to neighborhoods in smaller communities."
On August 25, Missouri American Water acquired the assets of the Warren County Water and Sewer Company for $305,000 from a private company. The acquisition represents a significant commitment by Missouri American Water to 1,365 customers in Warren County eager for improved water service.
Warren County's wastewater system, in particular, needs the water professionals of Missouri American Water and American Water to address serious operational and environmental issues that will be addressed over time.
American Water, which serves 18 million in more than 1,800 communities in North America, is part of RWE Thames Water. American Water operates in 29 U.S. states, three Canadian provinces and Puerto Rico. The company, which includes a Center of Excellence in Innovation and Technology that leads water research for both American Water and RWE Thames Water, offers more than a century of experience in providing quality water and service at fair rates.
About Illinois American Water
Illinois American Water services approximately 293,000 metered customers, or more than 1 million persons, in 125 Illinois communities. The company has been providing service in Illinois for more than 100 years.
About Missouri American Water
Missouri American Water provides reliable, quality service to more than 100 communities throughout the state. Missouri American Water, with the support of American Water, has the technical support of a global network and the local knowledge to provide the highest quality water with personal service.
About Pennsylvania American Water
Pennsylvania American Water, a subsidiary of American Water, provides reliable, quality water and wastewater service to over 2 million people in the Commonwealth. The company owns and operates 38 water treatment facilities, three wastewater facilities and approximately 8,900 miles of pipeline to serve customers in over 368 communities in 35 counties.
Source: Business News Wire