California American Water Completes Acquisition of Yerba Buena Water Company
California American Water has successfully finalized the acquisition of the Yerba Buena Water Company water system. Serving about 250 customers, this acquisition showcases California American Water's ongoing dedication to improving water infrastructure and service quality within communities.
Commitment to Community Improvement
Richard Morris, the Chairman of the Board of Directors at Yerba Buena Water Company, expressed optimism regarding the partnership. He emphasized that joining forces with California American Water secures the necessary expertise and investments to enhance and maintain their water system effectively. This transition aims to deliver improved services and infrastructure to the community.
Immediate Service Availability
Starting now, California American Water will commence providing services to the residents of Yerba Buena Water Company. New customer and account information will be sent to residents shortly to assist in this transition. Customers will have access to California American Water's comprehensive customer service perks, including their online management portal, MyWater. Additional details are accessible on California American Water's dedicated webpage.
Exciting Opportunities Ahead
Sarah Leeper, President of California American Water, conveyed enthusiasm about welcoming the customers from Yerba Buena Water Company. She promised a smooth transition, ensuring safe, clean, and reliable water service coupled with high-quality customer support. This acquisition not only adds value to the residents but also reinforces the company's commitment to offering exceptional services.
A History of Growth
This milestone marks the ninth acquisition for California American Water over the last five years, resulting in a remarkable addition of over 13,000 water and wastewater customers since 2020. This history of strategic growth underlines their commitment to expanding their services and maintaining quality across all acquired systems.
About American Water
American Water, listed under NYSE: AWK, stands as the largest regulated water and wastewater utility company in the United States. Established in 1886, they provide safe, reliable, and affordable drinking water and wastewater services to more than 14 million residents across 14 states and various military installations. With a dedicated team of 6,700 professionals, American Water continues to utilize its national presence and expertise for the benefit of all stakeholders involved.
More About California American Water
A subsidiary of American Water, California American Water serves approximately 750,000 residents with safe, clean, and cost-effective water and wastewater services. Their commitment to excellence ensures that communities receive the highest level of service and support.
Frequently Asked Questions
What is the significance of the acquisition for customers?
The acquisition promises enhanced services and improved infrastructure for customers of Yerba Buena Water Company.
When will customers receive their new account information?
New customer and account information will be mailed to residents in the coming weeks.
What benefits will the customers enjoy?
Customers will gain access to California American Water's customer service perks, including the MyWater online account management portal.
How many acquisitions has California American Water made recently?
This acquisition marks it as the ninth one made in the past five years, enhancing their customer base significantly.
What is the history of American Water?
American Water has a long-standing history since 1886, providing essential water services to millions across the U.S.
