Indiana American Water, a subsidiary of American Water Works Company, Inc. (NYSE: AWK), the largest regulated water and wastewater utility company in the U.S., announced the completion of its acquisition of Community Utilities of Indiana water and wastewater systems in Indiana from Nexus Regulated Utilities, LLC, a subsidiary of Nexus Water Group, Inc. ("Nexus Water Group").
The acquisition adds approximately 8,200 customer connections to Indiana American Water's footprint, serving communities including Merrillville, Lakes of the Four Seasons, and Roselawn. Additionally, Indiana American Water is welcoming to its operations approximately eight employees from Community Utilities of Indiana who have proudly provided water and wastewater service to these customers.
"On behalf of our entire team at Indiana American Water, we are delighted to welcome our new customers and new employees to the Indiana American Water family," said Barry Suits, President of Indiana American Water. "We look forward to serving our 5,300 new customers and helping to ensure a smooth transition by relying on the expertise of local employees who know these operations best. Our team is committed to providing safe, clean, reliable, and affordable water and wastewater services to the communities we serve."
American Water announced its agreement to acquire Nexus Water Group systems in eight states across the U.S., highlighting benefits for customers and demonstrating the company's successful implementation of its core growth strategy as it creates value for customers, employees, and shareholders.
