HERSHEY, Pa.--(BUSINESS WIRE)--Pennsylvania American Water, a subsidiary of American Water (NYSE: AWK), announced today the acquisition of a municipal wastewater system in Adams County in southcentral Pennsylvania. The purchase price of the newly acquired system is approximately $340,000.
Pennsylvania American Water acquired the wastewater assets of the Hamiltonban Township Authority, which serves approximately 150 people and a number of commercial and industrial customers. The system is adjacent to the wastewater operation that Pennsylvania American Water acquired from the Franklin Township Municipal Sewer Authority in August 2013.
"We are excited by the acquisition’s benefits through greater efficiencies and economies of scale in supplying wastewater service to this part of Adams County," said Pennsylvania American Water President Kathy L. Pape. “It also reflects the increasing growth opportunities we’re seeing in the wastewater space as more communities are seeking solutions to the financial and technical challenges of meeting tighter environmental standards.”
The transaction marks Pennsylvania American Water's fourth acquisition this year, including its purchase of a municipal wastewater system from the Paint-Elk Joint Sewer Authority in Clarion County in July. The company’s wastewater footprint comprises operations in Adams, Beaver, Chester, Clarion, Monroe, Pike and Washington counties.
Pennsylvania American Water is the largest water utility in the state, providing high-quality and reliable water and/or wastewater services to approximately 2.1 million people. Founded in 1886, American Water is the largest publicly traded U.S. water and wastewater utility company. With headquarters in Voorhees, N.J., the company employs approximately 6,600 dedicated professionals who provide drinking water, wastewater and other related services to an estimated 14 million people in more than 40 states and parts of Canada. More information can be found by visiting www.amwater.com.