California American Water acquires Adams Ranch Mutual Water Company
As of March 10, California American Water owns and operates the water systems
CORONADO, Calif., March 10, 2016 -- California American Water announced it has closed on the acquisition of Adams Ranch Mutual Water Company. The transaction was approved by the California Public Utilities Commission on February 25, 2016. California American Water began operating the water system on March 10, 2016.
The water system was purchased for $2.4 million and will add approximately 175 new service connections to California American Water’s customer base in the Los Angeles County area. California American Water currently supplies water service to about 30,000 homes and businesses in Los Angeles County and serves about 110,000 other customers throughout the State.
Adams Ranch Mutual Water Company customers are now being served by California American Water’s team of state certified water treatment and distribution operators, which are experts in their fields.
“We are working hard on ensuring a seamless transition for Adams Ranch customers,” said Garry Hofer, California American Water’s director of operations for Southern California. “Adams Ranch customers now have access to our customer service center; online account access and conservation tools. We look forward to working with them and welcoming them to the California American Water family.”
California American Water, a subsidiary of American Water (NYSE: AWK), provides high-quality and reliable water and/or wastewater services to more than 600,000 people. Information regarding California American Water’s service areas can be found on the company’s website www.californiaamwater.com.
Founded in 1886, American Water is the largest publicly traded U.S. water and wastewater utility company. With headquarters in Voorhees, N.J., the company employs approximately 6,800 dedicated professionals who provide drinking water, wastewater and other related services to an estimated 15 million people in 47 states and Ontario, Canada. More information can be found at www.amwater.com