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American Water Works (AMW) announced that its unit Indiana American Water (INAW) has received approval from the Indiana Utility Regulatory Commission for the acquisition of Silver Creek Water Corporation for $45 million.
This acquisition is expected to close in mid-November and add 8,000 water customers to INAW’s portfolio. Indiana American Water has been making strategic acquisitions to expand its operations and customer base.
In 2023, INAW acquired Claypool Water System in Northern Indiana and Sunset Village Water System in Southeast Indiana. These acquisitions added 250 water customers to INAW’s existing customer base.