American Water Works Company, the largest publicly traded U.S. water and wastewater utility company, has sold its utility operations in Michigan for $6 million in cash.
The buyer was Ullico, Inc.’s infrastructure business.
American Water provides regulated and regulated-like drinking water and wastewater services to an estimated 14 million people in 24 states. The company’s Michigan utility operations consist of 5,000 customer connections and a population of 12,000 across five townships in northern Houghton County, Michigan.
“We are pleased with the opportunity to partner with Ullico on the sale of our Michigan operation,” said Susan Hardwick, president and CEO of American Water. “This decision to sell these operations is consistent with our strategy to operate in states where we can best serve customers and drive efficiencies.”
