Indiana American Water Receives IURC Approval For $45M Acquisition Of Silver Creek Water Corporation, Expanding Service To 8,000 New Customers In Southern Indiana, With Closing Expected By Mid-November
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Indiana American Water, a subsidiary of American Water Works Company, has received approval from the Indiana Utility Regulatory Commission for a $45 million acquisition of Silver Creek Water Corporation. This acquisition will expand their service to 8,000 new customers in Southern Indiana, with the closing expected by mid-November.
September 05, 2024 | 8:26 pm
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American Water Works Company, through its subsidiary Indiana American Water, has received regulatory approval for a $45 million acquisition of Silver Creek Water Corporation. This will expand their customer base by 8,000 in Southern Indiana.
The acquisition approval is a positive development for American Water Works as it expands their customer base and service area, likely leading to increased revenues. The regulatory approval reduces uncertainty, making it a favorable short-term impact.
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