American Water to acquire Keystone Clearwater Solutions

Headquartered in Hershey, Pennsylvania, Keystone Clearwater Solutions is a water service provider offering a range of water related services and products including pumps and filtration, to the oil and gas industry primarily in the Appalachian region of Pennsylvania, Ohio and West Virginia. The company provides customised water sourcing, transfer and hydraulic fracturing support including intake development, turnkey pipeline construction, water storage, management support and transfer services for shale gas operators.

“Keystone Clearwater Solutions provides turn-key water solutions to the shale gas industry in a safe and environmentally responsible manner,” said Susan Story, president and CEO of American Water. “We are excited because Keystone’s offerings are in line with American Water’s core competencies – supplying, transmitting, pumping and storing water and building the infrastructure required to do so.”

“This acquisition delivers on one of our growth strategies to develop complementary businesses. Coupled with our existing activity in shale, the Keystone acquisition will enhance our ability to provide additional water services solutions to shale development companies,” added Story.

Keystone Clearwater Solutions will operate as a separate, independent subsidiary of American Water and will continue to be led by founder and CEO Ned Wehler.