Indiana American Water acquires Merom Water

Indiana American Water has acquired west Indiana municipal water utility Merom Water for approximately $390,000.

The acquisition adds around 125 customers to the company’s customer base, representing a population of around 250 residents.

Indiana American Water president Alan DeBoy said that the acquisition of the system provides Merom customers with lower rates, access to water professionals and a convenient customer service centre that is available 24/7.

"Indiana American Water already provides water to several communities in this part of the state, so this is a good fit for us and a continuation of our efforts to expand our presence across Indiana," DeBoy added.

"Indiana American Water brings a broad range of experience, resources and knowledge to the community through this transaction that ultimately will have a positive impact on the area."

The Indiana Utility Regulatory Commission approved the acquisition of the Merom system in January. The deal was finalised by Indiana American Water and the Merom Water on 10 March.

The Merom system will be incorporated into the company’s Terre Haute / Sullivan operating district, which currently serves approximately 85,000 residents.