M&A Deal Summary

American Water Acquires Southern - Pivotal Home Solutions

On April 11, 2018, American Water acquired consumer services company Southern - Pivotal Home Solutions from Southern Company Gas for 365M USD

Acquisition Highlights
  • This is American Water’s 1st transaction in the Consumer Services sector.
  • This is American Water’s largest (disclosed) transaction.
  • This is American Water’s 6th transaction in the United States.
  • This is American Water’s 1st transaction in Georgia.

M&A Deal Summary
Date 2018-04-11
Target Southern - Pivotal Home Solutions
Sector Consumer Services
Buyer(s) American Water
Sellers(s) Southern Company Gas
Deal Type Divestiture
Deal Value 365M USD

Target

Southern - Pivotal Home Solutions

Atlanta, Georgia, United States
Southern Co. - Pivotal Home Solutions is a home warranty business operating in 18 states with about 1.2 million customer contracts. Pivotal Home Solutions offers coverage for a wide variety of home appliances, heating and cooling systems, and lines in and around a home.

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Buyer(S) 1

Buyer

American Water

Camden, New Jersey, United States

website

Category Company
Founded 1886
Sector Utilities
Employees6,500
Revenue 3.8B USD (2022)
DESCRIPTION

American Water is a geographically diversified United States water and wastewater utility company. The Company's primary business involves the ownership of subsidiaries that provide water and wastewater utility services to residential, commercial, industrial and other customers, including sale for resale and public authority customers. American Water was incorporated in 1886 and is based in Camden, New Jersey.

DEAL STATS #
Overall 6 of 7
Sector (Consumer Services) 1 of 1
Type (Divestiture) 3 of 3
State (Georgia) 1 of 1
Country (United States) 6 of 7
Year (2018) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-03 Shorelands Water

Hazlet, New Jersey, United States

Shorelands Water Co., Inc. is a privately owned water utility that provides water services to more than 11,000 customer accounts in Monmouth County, N.J.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-20 American Water Works - New York American Water

Merrick, New York, United States

American Water's New York American Water is a regulated water and wastewater utility serving over 125,000 customer connections across seven counties in southeastern New York. Operations include approximately 1,270 miles of water mains and distribution lines with 98% of customers in Nassau County on Long Island.

Sell $608M

Seller(S) 1

SELLER

Southern Company Gas

Atlanta, Georgia, United States

website

Category Company
Founded 1856
Sector Energy Services and Equipment
Employees6,094
Revenue 4.6B USD (2013)
DESCRIPTION

Southern Company Gas is a provider of an energy needs of millions of U.S. households and businesses. Southern Company Gas was founded in 1856 and is based in Atlanta, Georgia.

DEAL STATS #
Overall 2 of 3
Sector (Consumer Services) 1 of 1
Type (Divestiture) 2 of 3
State (Georgia) 1 of 1
Country (United States) 2 of 3
Year (2018) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-05-02 Compass Energy Services

Richmond, Virginia, United States

Compass Energy Services, Inc. is a commercial and industrial energy services company.

Sell $20M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-01 Sequent Energy

Houston, Texas, United States

Sequent Energy delivers smarter ways to optimize natural gas assets and serves the needs of utilities, marketers, retail aggregators, municipalities, and large industrials. Sequent Energy is based in Houston, Texas.

Sell -
Mergr

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