Missouri American Water Acquires Neosho Water and Wastewater Systems
Missouri American Water has completed its acquisition of the City of Neosho's water and wastewater systems for $34.5 million. The deal adds approximately 5,400 customers and includes plans for significant infrastructure investment.
Missouri American Water has finalized the purchase of the City of Neosho's water and wastewater systems for $34.5 million. This acquisition brings approximately 5,400 water and 5,400 wastewater customers into the company's service area.
The company has stated plans to invest approximately $35 million in infrastructure improvements for the acquired systems over the next several years. These investments are intended to enhance water quality, improve service reliability, and upgrade wastewater treatment capabilities.
The acquisition is expected to modernize and improve the water and wastewater services for Neosho residents. Missouri American Water indicated that customers will receive the same level of service and be subject to the same rates as customers in other company service areas.
Missouri American Water is a subsidiary of American Water Works Company, Inc., which operates as the largest publicly traded water and wastewater utility company in the United States, serving millions of customers nationwide.