NYSE:AWKWater Utilities
American Water Works Expands Regulated Footprint With Multi State Nexus Acquisition
American Water Works Company (NYSE:AWK) has completed a multi-state acquisition of water and wastewater system assets from Nexus Regulated Utilities.
The deal adds about 47,000 customer connections and around 70 employees across eight states to American Water’s operations.
This transaction follows a series of local subsidiary acquisitions and represents one of the company’s larger expansions in recent years.
For investors tracking NYSE:AWK, this is a material shift in the company’s profile,...