Seven Illinois water-service contracts are among those that have been sold by American Water Works Company Inc. as part of a newly announced, $27 million deal with Veolia North America.
Veolia announced Monday that it has acquired from American Water Works the rights to 23 of its water treatment and energy service contracts. The transaction will expand the core municipal water business of Veolia, which is among the largest providers of water and wastewater treatment services in the U.S. and Canada, and will see Veolia welcome 110 new employees to its North American operations.
The seven in Illinois are:
– A wastewater contract with Principia College, a liberal arts college in Elsah, in Jersey County.
– A compressed steam and air contact with Solutia, a chemical company in Sauget.
– Municipal wastewater contracts with the towns of Litchfield, East Dubuque, Lincoln and Mount Vernon
– A municipal contract for combined water/wastewater for the town of Galena.
The transaction also includes contracts for water treatment services in locations across North America, including major metropolitan areas such as Phoenix, Ariz., the fifth-largest city in the U.S., and Seattle, Wash.
Nearly a quarter of Veolia’s business is devoted to water and wastewater solutions. Veolia said it intends to work closely with business leaders and residents in the many communities where the newly-acquired contracts are located.
“We are excited to expand our water and energy services to these municipalities and industries, and welcome our new colleagues,” said VNA Chief Executive Officer Bill DiCroce. “This is another example of our growing our capabilities and offering leading environmental solutions. We look forward to working with dozens of new communities and delivering the highest quality water and wastewater services available.”
Veolia will be taking over 23 new contracts, of which 13 are wastewater contracts, four are drinking water contracts, five are wastewater and drinking water contracts, and one is a contract to provide steam and compressed air. Eighteen of these contracts are located in the U.S. in eight different states (in addition to Illinois, they are Connecticut, Ohio, North Carolina, Minnesota, Arizona, California and Washington), and five are located in Ontario, Canada. The move is also in line with the company’s strategy to establish a greater presence in the western U.S., where six of the new contracts are located.