1. California American Water acquired Mesa Del Sol water system for quality improvements. 2. 15 new connections enhance their existing 40,000 customer base in Monterey County. 3. New customers will receive upgraded bilingual services and online resources. 4. American Water serves over 14 million across 14 states and military sites. 5. The acquisition underscores their commitment to reliable water utilities.
The acquisition strengthens American Water's regional presence and customer base, enhancing shareholder value, similar to past acquisitions boosting market perception, like the 2019 acquisition of PWSA in Pittsburgh.
The article indicates a positive development that could enhance AWK's market position significantly and reflects their growth strategy.
This strategic acquisition is expected to yield benefits, including improved customer satisfaction and revenue growth over time, consistent with past long-term integrations which saw gradual service improvements and customer loyalty.
PACIFIC GROVE, Ca.--(BUSINESS WIRE)-- California American Water has acquired the Mesa Del Sol water system in the Corral de Tierra area of Salinas. The system was acquired following a project to physically interconnect the Mesa del Sol system with California American Water’s Toro Park system to solve water quality challenges in Mesa Del Sol. The acquisition adds 15 new water connections to the company’s current customer base, which already includes approximately 40,000 connections on the Monterey Peninsula and other parts of Monterey County.
“With our experience providing safe, reliable water service throughout the Monterey Peninsula, we were a natural fit to consolidate this small system and solve their water quality challenges,” said Spencer Vartanian, Director of Operations for California American Water. “We are pleased to welcome these new customers and look forward to providing exceptional service moving forward.”
With the acquisition of the Mesa Del Sol water system, the residents of Mesa Del Sol will benefit from the industry expertise and experience that California American Water offers. The new customers will now have access to a bilingual website and information, online billing and payment, conservation services and affordability programs.
About American Water
American Water (NYSE: AWK) is the largest regulated water and wastewater utility company in the United States. With a history dating back to 1886, We Keep Life Flowing® by providing safe, clean, reliable and affordable drinking water and wastewater services to more than 14 million people with regulated operations in 14 states and on 18 military installations. American Water’s 6,700 talented professionals leverage their significant expertise and the company’s national size and scale to achieve excellent outcomes for the benefit of customers, employees, investors and other stakeholders.
For more information, visit amwater.com and join American Water on LinkedIn, Facebook, X and Instagram.
About California American Water
California American Water, a subsidiary of American Water, provides high-quality and reliable water and wastewater services to approximately 700,000 people. For more information, visit www.californiaamwater.com and follow California American Water on LinkedIn, Facebook, X, and Instagram.