Illinois American Water Acquires Village of Tolono Water and Wastewater Systems

June 20, 2023

Illinois American Water, a subsidiary of American Water, purchased the Village of Tolono’s water and wastewater systems for $9.416 million, adding roughly 1,295 water and 1,254 wastewater customers to its eastern Illinois service area. The company plans to invest about $17 million over the first five years to upgrade meters, mains, hydrants, lift stations and to design and build a new wastewater treatment plant to support reliability and growth.

Buyers
Illinois American Water
Targets
Village of Tolono water and wastewater systems
Sellers
Village of Tolono
Industry
Utilities
Location
Illinois, United States
Transaction Type
Divestiture

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