Pennsylvania American Water Completes Acquisition of Farmington Township Water and Wastewater Systems and Signs Agreement to Acquire Corner Water Supply and Service Corporation
American Water Works Company, Inc. (AWK)
Last american water works company, inc. earnings: 2/18 04:37 pm
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Source: Business Wire
Acquisitions Will Add Approximately 1,100 Water Customers and 500 Wastewater Customers MECHANICSBURG, Pa.--(BUSINESS WIRE)--Pennsylvania American Water, a subsidiary of American Water (NYSE: AWK), completed its acquisition of the Farmington Township water and wastewater system in Clarion County. Additionally, the company has signed an agreement to purchase the water system assets of Corner Water Supply and Service Corporation, another Clarion County drinking water provider. Combined, these systems will be acquired for approximately $5.8 million and serve around 1,100 water and 500 wastewater customers.“Regionalizing water and wastewater systems is crucial for rural counties like Clarion,” said Pennsylvania American President Justin Ladner. “By consolidating resources and expertise, we can help ensure reliable and efficient services, reduce costs, and improve water quality and wastewater service for the residents of these communities.”Farmington had previously purchased water from P
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