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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