Utilities M&A » By The Online Investor Staff, updated Fri., Apr. 19, 11:29 AM
Recent mergers and acquisitions in the Utilities M&A category.
| This Slide: #89 of 100 |
Slide #89. American Water Works Company, Inc. — Dale Service Corporation
Acquirer:
American Water Works Company, Inc. (NYSE:AWK)
Acquiree:
Dale Service Corporation
Details:
American Water Works Company, Inc. (NYSE:AWK), the largest publicly traded U.S. water and wastewater utility company, announced today that its Virginia American Water subsidiary has completed its acquisition of Dale Service Corporation, a wastewater utility company in Northern Virginia. The total value of the transaction is approximately $27.7 million. With approximately 20,000 customers (a population of about 50,000 people), this is the largest wastewater acquisition in more than 10 years for American Water, and marks the entry of Virginia American Water, which is the largest investor-owned water utility in Virginia, into the wastewater services market.
American Water Works is a holding company. Through its subsidiaries, Co. is a publicly-traded water and wastewater utility company. Co. provides drinking water, wastewater and other related services to people in various states. Co.'s Regulated Businesses involve the ownership of utilities that provide water and wastewater services to residential, commercial, industrial, public authority, fire service and sale for resale customers. Co.'s Market-Based Businesses provide water and wastewater services to the U.S. government on military installations, as well as municipalities, and utility customers.
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Avg. Broker Rec.
 
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Buy (2.70 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Analysts' Target Price: AWK Stock Forecast Based on Zacks ABR data; powered by Xignite |
