Indiana American Water Acquires American Suburban Utilities Water System in North Central Indiana
September 21 2015 - 6:53PM
Business Wire
Indiana American Water President Alan DeBoy today announced the
company’s acquisition of an investor owned water utility in north
central Indiana from American Suburban Utilities. The purchase of
the system increases the company’s customer base by approximately
330 residents.
“The acquisition of this system will provide American Suburban
water customers with lower rates and access to operations and
capital management water professionals and a number of customer
service options and payment methods,” said DeBoy. “Indiana American
Water already provides water service to the nearby City of West
Lafayette in this part of the state, so this is a good fit for us
and a continuation of our efforts to expand our presence across
Indiana.
“The acquisition will also improve water quality for area
residents,” DeBoy continued. “We have made significant investments
recently in new and existing water treatment facilities in the
area, and customers should notice less iron and manganese in their
water after we hook them into our West Lafayette water system.”
The acquisition of the American Suburban Utilities system for
approximately $140,000 was approved by the Indiana Utility
Regulatory Commission last month and closed by Indiana American
Water and American Suburban on Monday, September 21, 2015. The
American Suburban water system will be incorporated into the
company’s West Lafayette district, which currently serves
approximately 11,000 customers or approximately 28,000 residents in
the area.
About Indiana American Water
Indiana American Water, a subsidiary of American Water (NYSE:
AWK), is the largest investor-owned water utility in the state,
providing high-quality and reliable water and/or wastewater
services to more than 1.2 million people. 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 6,800 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/20150921006498/en/
Indiana American WaterJoe Loughmiller, 317-885-2434Cell
317-903-7431joe.loughmiller@amwater.com
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