Indiana American Water Acquires River’s Edge Water and Wastewater Systems in Southeast Indiana
Indiana American Water has acquired the River’s Edge water and wastewater systems in southeast Indiana for $420,000. This acquisition adds approximately 100 water and 80 wastewater customers, serving nearly 300 residents. The company aims to stabilize rates for customers through access to professional management and enhanced service options. This transaction is the third wastewater system purchase in three years, supporting Indiana American Water's strategy to expand its operations across the state, serving over 1.32 million residents overall.
- Acquisition adds approximately 100 water and 80 wastewater customers.
- Expected to stabilize rates for River’s Edge customers.
- Continues company's strategy of expansion across Indiana.
- None.
Indiana American Water President Matt Prine today announced the company’s acquisition of the River’s Edge water and wastewater systems in southeast Indiana. The purchase of the system from Wastewater One, LLC, adds approximately 100 water and 80 wastewater customers to the company’s customer base, which represents a population of nearly 300 residents.
“The acquisition of this system will help hold rates down for River’s Edge customers as needed investments are made and also provide access to operations and capital management water professionals and a number of customer service options and payment methods,” said Prine. “Indiana American Water already provides water and wastewater service to several nearby communities, so this is a good fit for us and a continuation of our efforts to expand our presence across Indiana.”
The River’s Edge acquisition marks the third purchase of a wastewater system in the last three years by Indiana American Water. The company provides water service to approximately one in five residents across the state and owns and operates five wastewater systems in Indiana.
According to Wastewater One President Stephen Tolliver, “River’s Edge customers will benefit from Indiana American Water’s experience and expertise and the company’s large customer base across the state will provide much greater economies of scale and future rate stability by keeping water and wastewater rates lower than they would have been as a small stand-alone system.”
The acquisition of the River’s Edge water and wastewater systems for
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 approximately 1.32 million people. With a history dating back to 1886, American Water is the largest and most geographically diverse U.S. publicly traded water and wastewater utility company. The company employs more than 7,000 dedicated professionals who provide regulated and market-based drinking water, wastewater and other related services to 15 million people in 46 states. American Water provides safe, clean, affordable and reliable water services to our customers to make sure we keep their lives flowing. For more information, visit amwater.com and follow American Water on Twitter, Facebook and LinkedIn.
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