West Virginia American Water Acquires Jefferson Utilities
October 2, 2023
West Virginia American Water, a subsidiary of American Water, completed the acquisition of Jefferson Utilities (including assets of Valley Water and Sewer Services, Shenandoah Junction Public Sewer and East Jefferson Sewer Services) for $27 million. The combined systems serve 3,978 customer connections across Jefferson, Berkeley and Morgan counties; the buyer plans infrastructure updates and will transition customers to West Virginia American Water service and PSC-established rates. The seller/owner, Lee Snyder, is retiring after building the systems over 25 years.
- Buyers
- West Virginia American Water, American Water
- Targets
- Jefferson Utilities, Valley Water and Sewer Services, Shenandoah Junction Public Sewer, East Jefferson Sewer Services
- Sellers
- Lee Snyder
- Industry
- Utilities
- Location
- West Virginia, United States
- Transaction Type
- Buyout
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