Maryland American Water Receives Commission Approval For Acquisition Of Severn Water Company For ~$1.6M
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Maryland American Water has received approval from the commission to acquire Severn Water Company for approximately $1.6 million. This acquisition is expected to expand Maryland American Water's service area and customer base.
October 02, 2024 | 8:33 pm
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American Water Works (AWK) subsidiary, Maryland American Water, has received approval to acquire Severn Water Company for $1.6 million. This acquisition will likely expand AWK's service area and customer base, potentially boosting revenues.
The acquisition approval allows Maryland American Water, a subsidiary of AWK, to expand its service area and customer base. This strategic move is likely to enhance AWK's market position and revenue potential, positively impacting its stock price.
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