Indiana American Water (INAW) has received approval from the Indiana Utility Regulatory Commission for the Acquisition valued at $45 million from Silver Creek Water (SCWC). The deal, which is expected to close in mid-November, will approx. 8,000 water customers in Clark and Floyd counties into INAW’s service territory. This acquisition is consistent with INAW’s operations in Southern Indiana, as SCWC is a long-standing wholesale water customer. INAW President Matt Prine emphasized the benefits for regional growth and service reliability. The merger followed a vote by SCWC members who favored INAW as their new water supplier. After the merger is complete, INAW will distribute welcome packages to new customers with important information about their service and account details.
Indiana American Water (INAW) has received approval from the Indiana Public Service Regulation Commission The acquisition of 45 million dollars della Silver Creek Water (SCWC). That means we will do it by November, go home approx. 8,000 new customers No Clark and Floyd contee in the area of INAW services. This acquisition came directly with INAW’s operations in southern Indiana, while the SCWC was just getting a client that was getting everything under control. INAW President Matt Prine said it was beneficial for regional development and the fiduciary reliability of the service. The merger followed a vote of SCWC members favoring INAW as the new provider of services. After the birth, INAW distributes the new client kit with essential information about their services and account statements.
Indiana American Water (INAW) has received approval from the Comisión de Regulación de Servicios Públicos de Indiana The acquisition is worth $45 million de Silver Creek Water (SCWC). I hope that the matter will be resolved by mid-November and that you can reach an agreement Approximately 8,000 water customers at the Clark and Floyd condominiums in INAW’s service area. This acquisition was made as part of INAW’s Indiana operations, as SCWC has long served a mayoral water customer. INAW President Matt Prine was pleased with the benefits for regional growth and service reliability. The merger resulted in a vote by SCWC members to select INAW as the new water service provider. Upon agreement, INAW distributes sales kits to new customers with important information about the service and customer details.
10.01.2019 19.09.2019 4,500 million US dollars per year (SCWC). That’s all. 11 years ago, More than 8,000 million US dollars이 클락 카운티와 플로이드 카운티에 추가될 것입니다. During my life with SCWC and INAW together with the company INAW became active in the USA. INAW의 매트 대한 이점을 강조했습니다. The SCWC location INAW를 is the first part of the year More. INAW는 신규 종료 후, INAW는 신규 정보를 포함한 환 영 키트를 배포할 것입니다.
Indiana American Water (INAW) has received approval from the Commission de Régulation des Services Publics de l’Indiana The acquisition of 45 million dollars de Silver Creek Water (SCWC). The agreement, which was to be completed in November, was added approx. 8 000 customers water owned by Messrs. Clark and Floyd in the INAW service area. This acquisition was entered into the cadre of INAW operations in southern Indiana, possibly SCWC was a long-standing large-scale customer. INAW President Matt Prine has highlighted the benefits for regional continuity and service reliability. The merger was voted INAW’s favorite by a SCWC member because it was a new supplier of water services. In short, INAW distributes bienvenue kits for new customers and includes essential information about their service and details about their company.
Indiana American Water (INAW) has received approval from the Indiana Utility Regulatory Commission for the $45 million acquisition from Silver Creek Water (SCWC). The deal, which is expected to be completed by mid-November, will insufficient 8,000 water customers in Clark and Floyd counties to INAW’s service area. This acquisition is consistent with INAW’s Southern Indiana operations, as SCWC has long been a wholesale water customer. INAW President Matt Prine emphasized the benefits for regional growth and service reliability. The merger follows a vote by SCWC members supporting INAW as their new water provider. Upon closing, INAW will distribute welcome packets to the new customers with essential information about their services and account details.
Positive
- The acquisition expands INAW’s customer base by around 8,000
- Strategic alignment with existing operations in southern Indiana
- Potential for improved service reliability and regional growth
- Seamless transition expected due to existing wholesale relationship
Negative
- Significant capital expenditure of $45 million for the acquisition
The Acquisition valued at $45 million of Silver Creek Water (SCWC) by Indiana American Water (INAW) is a strategic move that expands INAW’s customer base to 8,000 in Clark and Floyd County. This deal, which is about
This acquisition is in line with the ongoing consolidation trend in the U.S. water utility sector. While smaller utilities face challenges in meeting regulatory and infrastructure requirements, larger players like INAW are stepping in. The approval of the deal by the Indiana Utility Regulatory Commission signals a favorable regulatory environment for such consolidations. For investors, this trend indicates potential for steady growth and improved service quality in the water utility sector. The Closing mid-November The timing suggests a smooth regulatory process, which bodes well for future acquisition prospects. Stakeholders should monitor how effectively INAW integrates SCWC’s operations and whether this results in improved service metrics or cost savings in the Southern Indiana region.
“The acquisition of Silver Creek Water Corporation is a natural addition to our operations in Southern Indiana. SCWC has been a valued wholesale water customer of Indiana American Water for years and our combined operations will continue to contribute to the growth and reliability of service in the region,” said Matt Prine, President of Indiana American Water. “We look forward to welcoming our new customers as well as a great group of SCWC employees who will be joining our team.”
Completion is expected in mid-November and comes almost a year after SCWC members voted to select INAW as their water supplier for customers in
Once completed, INAW provides clients with a welcome package that includes training and other materials about their service, as well as billing and other account details.
About American Water
American Water (NYSE: AWK) is the largest regulated water and wastewater utility in
About Indiana American Water
Indiana American Water, a subsidiary of American Water, is the state’s largest regulated water utility, providing high-quality, reliable water and wastewater services to approximately 1.4 million people.
View original version on businesswire.com: https://www.businesswire.com/news/home/20240905419695/en/
Media:
Joel Reuter
External Affairs Manager
Indiana American Water
Office: (317) 885-2434
[email protected]
Source: Indiana American Water
Frequently Asked Questions
What is the value of Indiana American Water’s acquisition of Silver Creek Water?
Indiana American Water acquires Silver Creek Water for $45 million.
How many new customers will Indiana American Water gain through the acquisition of Silver Creek Water?
Indiana American Water will gain approximately 8,000 new water customers through the acquisition of Silver Creek Water
When is the closing date for Indiana American Water’s acquisition of Silver Creek Water?
Completion of the acquisition is expected by mid-November following approval by the Indiana Utility Regulatory Commission.
Which counties in Indiana will be affected by Indiana American Water’s acquisition of Silver Creek Water?
The acquisition will impact water customers in Clark and Floyd counties in southern Indiana.
