American Water Works Co. closed the $6 million sale of its utility operations in Michigan to Ullico Inc.’s infrastructure business, through its portfolio company, Triton Utilities, according to a Monday announcement from the Camden-based utility.
“We are pleased with the opportunity to partner with Ullico on the sale of our Michigan operation. They are well positioned to continue to serve the customers in the area, working with the local employees,” said Susan Hardwick, CEO and president of American Water. “This decision to sell these operations is consistent with our strategy to operate in states where we can best serve customers and drive efficiencies.”
American Water’s Michigan utility operations consist of approximately 5,000 customer connections and a population of approximately 12,000 across five townships in northern Houghton County, Michigan.