EPCOR Water will acquire regulated water and wastewater services companies from U.S. water and wastewater utility company, American Water Works. The Canadian utility will pay a total of $470 million for the acquisition.
As a part of the agreement, American Water will sell its 100% stake in regulated and wastewater service providers in Arizona and New Mexico. The seller will use the proceeds from the offering to reduce both equity and debt financing.
Click here for the release from American Water.