Pennsylvania American Water Completes Acquisition of Farmington Township Water and Wastewater Systems and Signs Agreement to Acquire Corner Water Supply and Service Corporation
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Pennsylvania American Water, a subsidiary of American Water (NYSE: AWK), has completed the acquisition of Farmington Township's water and wastewater systems and signed an agreement to acquire Corner Water Supply and Service Corporation's water system assets. The acquisitions, valued at approximately $5.8 million, will serve around 1,100 water customers in Clarion County.
November 21, 2024 | 9:45 pm
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American Water's subsidiary, Pennsylvania American Water, has completed a significant acquisition in Clarion County, enhancing its service reach and asset base.
The acquisition of Farmington Township's water and wastewater systems and the agreement to acquire Corner Water Supply's assets will expand American Water's service area and customer base. This strategic move is likely to positively impact AWK's stock price in the short term as it demonstrates growth and expansion in its operations.
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