American States Water Company announces acquisition of Rural Water Company
American States Water Company recently announced that its wholly-owned subsidiary Golden State Water Company has completed the acquisition of Rural Water Company.
SAN DIMAS, CA, Oct. 19, 2015 -- American States Water Company (ASWC), a U.S. water and electricity utility organization, recently announced that its wholly-owned subsidiary Golden State Water Company (GSWC) has completed the acquisition of Rural Water Company (Rural).
GSWC officially acquired the water assets of Rural, which serves approximately 960 customers near the City of Arroyo Grande in the county of San Luis Obispo, Calif. This water system is near GSWC's other water systems in Coastal California.
"Since 1929, GSWC has proudly provided safe and reliable services to many customers in California," said Robert J. Sprowls, President and CEO of ASWC and GSWC. "We are pleased to have completed this acquisition which expands our footprint and takes advantage of economies of scale in an area where we currently do business."
About American States Water Company
American States Water Company is the parent of Golden State Water Company and American States Utility Services, Inc. Through its utility subsidiary, Golden State Water Company, AWR provides water service to approximately 260,000 customers located within 75 communities throughout 10 counties in Northern, Coastal and Southern California. The company also distributes electricity to approximately 24,000 customers in the City of Big Bear and surrounding areas in San Bernardino County, Calif. For more information, visit www.aswater.com.