NY American Water signs acquisition agreement for Spring Glen Lake Water Company
New York American Water announced that it has signed an agreement to purchase the Spring Glen Lake Water Company, headquartered in New Hampton, Sullivan County, N.Y.
MERRICK, NY, July 8, 2015 -- This week, New York American Water -- a subsidiary of American Water, the nation's largest publicly traded water and wastewater utility company -- announced that it has signed an agreement to purchase the Spring Glen Lake Water Company, headquartered in New Hampton, Sullivan County, N.Y.
The water system acquisition agreement has been forwarded to the New York Public Service Commission for approval. New York American Water will provide the systems more than 30 customer accounts with water service.
Financial terms of the sale were not disclosed. Together with the company's recent purchases of the Mt. Ebo Water Works and Mt. Ebo Sewage Works in the Town of Southeast, and the Lucas Estates Water Company of Rochester, the acquisition of Spring Glen Lake Water Company increases New York American Water's presence in upstate New York.
About American Water
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 6,400 dedicated professionals who provide drinking water, wastewater and other related services to an estimated 15 million people in more than 45 states and parts of Canada. For more information, visit www.amwater.com.