Pennsylvania American Water Acquires Butler Area Sewer Authority Wastewater System
October 29, 2024
Pennsylvania American Water, a subsidiary of American Water, completed the $230 million purchase of the Butler Area Sewer Authority (BASA) wastewater system in Butler County, Pennsylvania. The acquisition adds more than 15,000 customer connections and Pennsylvania American Water plans to invest over $75 million in system upgrades while BASA will use proceeds to eliminate approximately $49 million in debt.
- Buyers
- Pennsylvania American Water, American Water
- Targets
- Butler Area Sewer Authority
- Sellers
- Butler Area Sewer Authority
- Industry
- Utilities
- Location
- Pennsylvania, United States
- Transaction Type
- Buyout
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