Private water and wastewater services provider Veolia North America (VNA) has acquired 23 contracts from American Water Works Co. Inc.: 18 in the U.S. and five in Ontario, Canada. The expansion includes 13 wastewater contracts, four drinking water contracts, five wastewater and drinking water contracts, and one contract to provide steam and compressed air. The transaction is worth $27 million and the contracts represent a yearly turnover of $31.1 million. Veolia will welcome 110 new employees to its North American operations.
The deal is in line with the company’s goal to expand its presence in the western U.S., where six of the new contracts are located. The company will provide services in major metropolitan areas such as Phoenix, the nation's fifth-largest city, and Seattle. Non-municipal contracts include a college in Illinois, a beverage company, a food processing company, and a chemical company. Veolia intends to work closely with local business leaders and residents to keep its commitment to community partnership.
“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 capabilities and environmental solutions." Nearly one-quarter of the company's business is in water and wastewater solutions.