American Water Acquires Keystone Clearwater Solutions
July 09 2015 - 8:45AM
Business Wire
American Water Works Company, Inc. (NYSE: AWK), the largest
publicly traded U.S. water and wastewater utility company, today
announced that it has completed its acquisition of Keystone
Clearwater Solutions (Keystone).
Keystone, headquartered in Hershey, Pa., is a water service
provider offering a range of water related services to the oil and
gas industry primarily in the Appalachian region of Pennsylvania,
Ohio and West Virginia.
The acquisition delivers on one of American Water’s growth
strategies to develop complementary businesses. Coupled with its
existing activity in shale, the Keystone acquisition will enhance
American Water’s ability to provide additional water services
solutions to shale development companies.
For more information about the acquisition, visit American
Water’s Investor Relations website at http://ir.amwater.com/.
About Keystone Clearwater Solutions
Keystone Clearwater Solutions provides customized water
sourcing, transfer and hydraulic fracturing support including
intake development, turnkey pipeline construction, water storage,
management support and transfer services for Shale Gas
operators.
Founded in 2009, Keystone Clearwater is a water management
company, serving the needs of customers in the markets where its
employees live and work. Keystone’s origins were established
through its management team’s long-standing history and sound
reputation in the environmental engineering and water management
field, including water systems engineering, permitting,
construction and O&M.
About American Water
Founded in 1886, American Water is the largest and most
geographically diverse publicly traded U.S. water and wastewater
utility company. With headquarters in Voorhees, N.J., the company
employs 6,400 dedicated professionals who provide regulated and
market-based drinking water, wastewater and other related services
to an estimated 15 million people in 47 states and Ontario, Canada.
More information can be found at www.amwater.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20150709005621/en/
American Water Works Company, Inc.Greg PanagosVice President,
Investor Relations856-566-4005gregory.panagos@amwater.comorMaureen
DuffyVice President,
Communications856-309-4546maureen.duffy@amwater.com
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