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American Water Works agrees to acquire Municipal Water, Wastewater System in Northumberland County

Published 07/05/2018, 11:35 AM
© Reuters.  American Water Works agrees to acquire Municipal Water, Wastewater System in Northumberland County
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  • Pennsylvania American Water, a subsidiary of American Water Works (AWK -0.2%) announced that it has signed an agreement to acquire the water and wastewater systems of Turbotville Borough in Northumberland County.
  • The purchase price of ~$1M includes acquiring the water assets & wastewater assets of the Municipal Authority of the Borough of Turbotville.
  • "The transaction represents another key step toward providing a more regional approach to water and wastewater service, which not only expands our customer base but also increases operational efficiency and capitalize on economies of scale," said Pennsylvania American Water President Jeffrey L. McIntyre.
  • Source: Press Release
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