Pennsylvania American Water to buy Upper Pottsgrove Township wastewater assets

Pennsylvania American Water has signed an agreement to acquire Upper Pottsgrove Township’s wastewater system assets for $13.75m.

This Upper Pottsgrove Township’s wastewater system serves nearly 1,600 customers in Montgomery County.

The deal was also approved by the Upper Pottsgrove Township Board of Commissioners.

Pennsylvania American Water president Mike Doran said: “As the water provider for the neighbouring Glen Alsace and Royersford areas, we are well positioned to serve Upper Pottsgrove Township through experienced, professional employees that can leverage the resources of our other local operations.

“In fact, some of our employees live in the Upper Pottsgrove area, so this acquisition is a natural fit, and we are glad to welcome Upper Pottsgrove to the Pennsylvania American Water family.”

Now, Pennsylvania American Water plans to initiate necessary upgrade works to improve the reliability and compliance of the wastewater infrastructure system.

The company will also assume three public sewer service extension projects.

The acquisition is expected to close in the first half of next year, subject to necessary regulatory approvals.

A subsidiary of American Water, Pennsylvania American Water provides water and/or wastewater services to around 2.4 million people.

Its parent company is one of the largest water and wastewater utility companies in the US. American Water has more than 6,800 employees and provides drinking water, wastewater and other related services to nearly 15 million people in 46 US states.