Voorhees-based American Water Works Co. Inc. announced today its Virginia American Water subsidiary has completed its acquisition of Dale Service Corporation, a wastewater utility company in Northern Virginia. The total value of the transaction is approximately $27.7 million.
According to the announcement, Dale has approximately 20,000 customers, making this is the largest wastewater acquisition in more than 10 years for American Water, and marks the entry of Virginia American Water, which is the largest investor-owned water utility in Virginia, into the wastewater services market.
As part of the purchase, which was approved by the Virginia State Corporation Commission, Virginia American Water's new subsidiary will operate two wastewater treatment plants with a combined capacity of 9.2 million gallons per day, the company said in a statement.
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