Indiana American Water Acquires Georgetown Water System
Indiana American Water President Deborah Dewey today announced the company’s acquisition of Georgetown Water, a municipal water utility located in southern Indiana. The purchase of the system adds approximately 1,300 customers to the company’s customer base, which represents a population of approximately 3,500 residents.
“The acquisition of this system will provide Georgetown customers with lower rates and access to operations and capital management water professionals and a number of customer service options and payment methods,” said Dewey. “Indiana American Water already provides water to several nearby communities and to the Town of Georgetown through a wholesale contract, so this is a good fit for us and a continuation of our efforts to expand our presence across Indiana.”
The acquisition of the Georgetown system for approximately $6.4 million was approved by the Indiana Utility Regulatory Commission in October and closed by Indiana American Water and the Town of Georgetown on Nov. 15, 2017. The Georgetown system will be incorporated into the company’s Southern Indiana district, which currently serves approximately 100,000 residents.
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