Virginia American Water Completes Purchase of Colchester Utilities Wastewater System, Part of Nexus Water Group Systems
Get Alerts AWK Hot Sheet
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 2.8%
Revenue Growth %: +3.9%
Join SI Premium – FREE

The acquisition adds one large customer and approximately 170 indirect wastewater customer connections to Virginia American Water's footprint. Additionally, Virginia American Water is welcoming to its operations two employees from Colchester Utilities who proudly provide wastewater service to these customers.
"On behalf of our entire team, we are delighted to welcome our new customers and new employees to the Virginia American Water family," said
On
Approvals by applicable state regulatory commissions and governmental entities were obtained as of
About American Water
American Water (NYSE: AWK) is the largest regulated water and wastewater utility company in
About Virginia American Water
Virginia American Water, a subsidiary of American Water, is the largest regulated water company in the state, providing safe, clean, reliable and affordable water and wastewater services to approximately 384,000 people. For more information, visit www.virginiaamwater.com and join Virginia American Water on LinkedIn, Facebook, and X.
Cautionary Statement Concerning Forward-Looking Statements
Certain statements in this press release are forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements relate to, among other things, anticipated capital investments and the ability to achieve certain benefits, synergies and goals relating to the acquired operations. These statements are based on the current expectations of management of American Water. There are a number of risks and uncertainties that could cause actual results to differ materially from these forward-looking statements, including with respect to (1) the occurrence, in whole or in part, of the plans, benefits and synergies expected or predicted to occur as a result of the acquisition; (2) unexpected costs, liabilities or delays associated with the integration of the acquired operations; (3) regulatory, legislative, local or municipal actions affecting the water and wastewater industries, which could adversely affect American Water; and (4) other economic, business and other factors. Forward-looking statements are not guarantees or assurances of future performance or results, and American Water does not undertake any duty to update any forward-looking statement. The foregoing factors should not be considered to be exclusive.
View original content to download multimedia:https://www.prnewswire.com/news-releases/virginia-american-water-completes-purchase-of-colchester-utilities-wastewater-system-part-of-nexus-water-group-systems-302786071.html
SOURCE American Water
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Tap Water You Can Trust: Five Missouri American Water Drinking Water Treatment Plants Earn National Recognition
- What Are CDs Earning Today? CD Valet's Midyear Analysis Reveals How Top Rates Compare
- Sanas Reaffirms Commitment to Universal Accent Translation, Expands Language Translation to 30+ Languages and Opens Its Platform to Developers and Small Businesses
Create E-mail Alert Related Categories
PRNewswire, Press ReleasesRelated Entities
Definitive AgreementSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!



Tweet
Share