American Water sells Mich. utilities to Ullico Inc
Feb. 9, 2022
The utility operations, consisting of approximately 5,000 customer connections and a population of approximately 12,000 across five townships, sold for $6 million.
Photo by Sebastian Herrmann on Unsplash.
American Water Works Company Inc., the largest publicly-traded U.S. water and wastewater utility company, has sold its utility operations in Michigan to Ullico Inc.’s infrastructure business for $6 million.
“We are pleased with the opportunity to partner with Ullico on the sale of our Michigan operation. They are well positioned to continue to serve the customers in the area, working with the local employees,” said Susan Hardwick, president and CEO of American Water. “This decision to sell these operations is consistent with our strategy to operate in states where we can best serve customers and drive efficiencies.”
American Water’s Michigan utility operations consist of approximately 5,000 customer connections and a population of approximately 12,000 across five townships in northern Houghton County, Michigan. The American Water subsidiary had been in operation for several decades.
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