1. New Jersey American Water acquired Shrewsbury Township's water system serving 265 connections. 2. This acquisition is part of the Water Infrastructure Protection Act initiatives.
The acquisition boosts AWK's footprint in New Jersey, similar to past successful expansions which have historically resulted in increased revenue and market credibility.
Strategic acquisitions reinforce AWK's market position and operational capacity, aligning with their growth strategy and providing future revenue streams.
Long-term growth potential arises as acquisitions enhance customer bases and operational efficiencies, similar to AWK's previous expansions which increased shareholder value over time.