Acquiring Company
Illinois American Water
Acquired Company
City of Venice Wastewater Collection System
Los AngelesSustainabilityNatural ResourcesWaterWaste ManagementWater PurificationDescription
Illinois American Water has completed the acquisition of the wastewater collection system in the City of Venice for $770,000. This acquisition adds approximately 500 service customers and enhances the company's wastewater operations in the Metro East area. Illinois American Water plans to invest $2.6 million in capital improvements over the next five years to further enhance service reliability.
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M&A Insights
Based on deal dataFrequently asked
Who acquired City of Venice Wastewater Collection System?
City of Venice Wastewater Collection System was acquired by Illinois American Water. The deal was reported on September 16, 2026. AWK), is the largest investor-owned water utility in the state, providing high-quality and reliable water and wastewater services to approximately 1.3 million people. Illinois American Water is privately held and operates in Sustainability.
When did Illinois American Water acquire City of Venice Wastewater Collection System?
Illinois American Water's acquisition of City of Venice Wastewater Collection System was reported on September 16, 2026. Illinois American Water has completed the acquisition of the wastewater collection system in the City of Venice for $770,000. This acquisition adds approximately 500 service customers and enhances the company's wastewater operations in the Metro East area. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does City of Venice Wastewater Collection System do?
The City of Venice Wastewater Collection System provides wastewater services to the residents and businesses of Venice. Previously, the system operated independently before being acquired to improve service delivery and operational efficiency. It is privately held, operating in Water, and is based in Los Angeles.
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