Pennsylvania American Water closed its deal to buy a Chester County wastewater system, the company announced Thursday.
The Pennsylvania subsidiary of Camden-based American Water (NYSE: AWK) paid $8.6 million for Sadsbury Township’s sewer system, which serves 1,000 customers. It already operates the township’s water system.
After a law passed in 2016 making it more financially feasible for Pennsylvania municipalities to sell water or wastewater assets to private companies like American Water,…