Illinois American Water, a subsidiary of American Water, announced yesterday the acquisition of the Village of Tolono water and wastewater systems for $9.416 million. The newly acquired systems add approximately 1,295 water and 1,254 wastewater customers to the Company’s eastern Illinois service area.
“Our team is excited to expand our services and directly serve our new customers in Tolono,” said Rebecca Losli, president of Illinois American Water. “Since 2020 we have had the privilege of partnering with 12 communities across Illinois through acquisitions, sharing our expertise and making critical investments in aging systems.”
According to Village of Tolono Mayor Rob Murphy, the sale of the water and wastewater systems to Illinois American Water, “will provide the residents of Tolono with industry experts focused on upgrading the water and wastewater systems.” He continued, “The Village will benefit from capital investments which will allow the Village an opportunity for community development and growth.”
Illinois American Water is planning to invest approximately $17 million in the first five years of ownership to upgrade the Village of Tolono water and wastewater systems. Work will include replacing water meters, water mains, fire hydrants and wastewater main. Improvements to lift stations, including replacing pumps, will improve wastewater system reliability. Safety and security systems will also be upgraded. Illinois American Water also plans to design and construct a new wastewater treatment plant to support system reliability and community growth.
Brian Wiemers, senior manager of operations for Illinois American Water’s Eastern Division said, “We are happy to directly serve Tolono residents. We are looking forward to supporting the community and partnering with the Village of Tolono. We appreciate the Village’s trust and confidence in our team.”
More companies involved in waste water treatment:
HKRITA develops Acousweep technology to separate microplastics from wastewater
Missouri American Water Acquires Eureka Water and Wastewater Systems
OriginClear merges Modular Water Systems Division with Water On Demand, Inc.
