MERRICK, N.Y.--(BUSINESS WIRE)--New York American Water today announced that it has signed an agreement to purchase the Spring Glen Lake Water Company, headquartered in New Hampton, Sullivan County, NY. The water system acquisition agreement has been forwarded to the New York Public Service Commission for approval. New York American Water will provide the systems’ more than 30 customer accounts with water service. Financial terms of the sale were not disclosed.
Together with the company’s recent purchases of the Mt. Ebo Water Works and Mt. Ebo Sewage Works in the Town of Southeast, and the Lucas Estates Water Company of Rochester, the acquisition of Spring Glen Lake Water Company increases New York American Water’s presence in upstate N.Y.
“This acquisition continues growth of our reliable, quality water service in the upstate New York area,” said Brian Bruce, president of New York American Water. “Our new customers, who have been getting their water from a small system with limited resources, will benefit from being part of a larger organization with the nationally-recognized operational and engineering expertise, as well as a commitment to the necessary capital investment to ensure their water service that meets and routinely surpasses state and federal water standards.”
New York American Water, a subsidiary of American Water (NYSE: AWK), is the largest investor-owned water company in New York, providing high-quality and reliable water services to more than 350,000 people.
Founded in 1886, American Water is the largest publicly traded and most geographically diverse U.S. water and wastewater utility company. With headquarters in Voorhees, N.J., the company employs more than 6,400 dedicated professionals who provide drinking water, wastewater and other related services to approximately 15 million people in 47 states, as well as parts of Canada. More information can be found by visiting www.amwater.com.