AcquisitionsJun 1, 2026, 04:24 PM
American Water Completes $315M Acquisition from Nexus Water Group
AI Summary
American Water Works Company, Inc. announced the completion of its previously announced acquisition of water and wastewater system assets from Nexus Regulated Utilities, LLC for approximately $315 million. This strategic acquisition adds about 47,000 customer connections and approximately 70 employees across eight states, expanding American Water's regulated business footprint. The company funded the purchase with cash flow from operations and existing liquidity sources, having secured all necessary regulatory approvals.
Key Highlights
- American Water completed the acquisition of water and wastewater system assets from Nexus Regulated Utilities, LLC.
- The aggregate purchase price for the acquisition was approximately $315 million.
- The acquired assets have an estimated aggregate rate base of approximately $200 million.
- The acquisition adds approximately 47,000 customer connections to American Water's regulated businesses.
- Approximately 70 employees from Nexus Water Group affiliates will join American Water.
- The acquired systems are located in Illinois, Indiana, Kentucky, Maryland, New Jersey, Pennsylvania, Tennessee, and Virginia.
- The acquisition was funded by cash flow from operations and other existing sources of liquidity.
- All required regulatory approvals were obtained prior to closing.
Price Impact
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