In brief: Pa. American Water acquires three northeast systems
Derry Township-based Pennsylvania American Water closed on purchases of three small water systems in Pennsylvania, the company announced May 3.
The state’s largest water utility spent $215,000 to acquire the Lake Spangenberg Water Co. and the Applewood Water Co., both in Lackawanna County, and the Wildcat Park Corp. in Schuylkill County. Collectively, those systems serve nearly 500 people.
Pennsylvania American Water plans to upgrade the systems, President Kathy Pape said in a news release.
The Dauphin County water company is a subsidiary of New Jersey-based American Water Works Co. Inc. The parent company trades shares of its stock on the New York Stock Exchange under the ticker symbol AWK.