American Water - M&A Summary and Business Overview

UtilitiesCompany

American Water M&A Summary

American Water has acquired 8 companies, including 1 in the last 5 years. A total of 2 acquisitions came from private equity firms. It has also divested 4 assets.

American Water’s largest acquisition to date was in 2018, when it acquired Southern - Pivotal Home Solutions for $365M. It’s largest disclosed sale occurred in 2019, when it sold American Water Works - New York American Water to Liberty Utilities for $608M. American Water has acquired in 5 different US states. The Company’s most targeted sectors include utilities (72%) and consumer services (15%).

American Water Business Overview

Where is American Water headquartered?

American Water is headquartered in Camden, New Jersey.

What is American Water’s revenue?

American Water disclosed revenue of 3,792M USD for 2022 and 3,930M USD for 2021.

How many employees does American Water have?

American Water has 6,500 employees.

What sector is American Water in?

American Water is an utilities company.

When was American Water founded?

American Water was founded in 1886.

M&A Summary

  • M&A Total Activity11
    • M&A Buy Activity7
    • M&A Sell Activity4
  • Total Sectors Invested 3
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 8
  • M&A Advisors 4

American Water

American Water Works Co., Inc.

1 Water Street,
Camden, New Jersey 08102
United States,
(856) 955-4001
www.amwater.com

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.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 6 - - - 1 - 7
vol $495M $27M $522M
Sell (0.2/yr) # 3 - 1 - - - 4
vol $608M $608M
  11

Most Recent M&A

Company Date Value Type
Jefferson Utilities Inc. 2023-10-02 27M USD Add-on Acquisition
Kearneysville, West Virginia · www.juiwater.net
American Water Works Co., Inc. - Homeowner Services Group 2021-10-29 - Divestiture
Camden, New Jersey
Keystone Clearwater Solutions LLC 2019-11-21 - Divestiture
Hershey, Pennsylvania · www.keystoneclear.com
American Water Works Co., Inc. - New York American Water 2019-11-20 608M USD Divestiture
Merrick, New York
Southern Co. - Pivotal Home Solutions 2018-04-11 365M USD Divestiture
Atlanta, Georgia
Shorelands Water Co., Inc. 2016-08-03 - Add-on Acquisition
Hazlet, New Jersey · www.shorelandswater.com
Beaver Dam Lake Water Corp. 2016-05-12 - Add-on Acquisition
Salisbury Mills, New York · www/beaverdamlakewater.com
Environmental Disposal Corp. 2016-01-04 - Add-on Acquisition
Bedminster, New Jersey · www.edcutility.com
Keystone Clearwater Solutions LLC 2015-06-18 130M USD Divestiture
Hershey, Pennsylvania · www.keystoneclear.com
The F.B. Leopold Co. 2004-03-01 - Divestiture
Zelienople, Pennsylvania · www.fbleopold.com
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
California American Water Co.    - Bass Lake Water Co. - Portal Waster Distribution System 2019-08-30 13
Coronado, California · www.amwater.com/caaw Bass Lake, California
New Jersey American Water Co.    - Borough of Mount Ephraim - Wastewater Assets 2019-01-16 6
Voorhees, New Jersey · www.amwater.com/njaw/ Mount Ephraim, New Jersey
Missouri American Water Co.    - Woodland Manor Water System 2016-06-21 7
St. Louis, Missouri · www.missouriamwater.com Branson, Montana
Pennsylvania American Water Co.    - New Cumberland Wastewater System 2016-05-05 14
Hershey, Pennsylvania · www.amwater.com/paaw , Pennsylvania
Pennsylvania American Water Co.    - Scranton Sewer System Wastewater Assets 2016-03-30 13
Hershey, Pennsylvania · www.amwater.com/paaw Scranton, Pennsylvania
Iowa American Water Co.    - Yes Communities Water Systems 2016-03-08 2
Davenport, Iowa · www.amwater.com Denver, Colorado
Missouri American Water Co.    - Jaxson Estates Water System 2016-02-01 6
St. Louis, Missouri · www.missouriamwater.com Wentzville, Missouri
Indiana American Water Co.    - Marion Heights - Water System 2010-05-11 9
Greenwood,, Indiana · www.amwater.com/inaw , United States
Pennsylvania American Water Co.    - Saxonburg Area Authority, Water Business 2009-10-28 12
Hershey, Pennsylvania · www.amwater.com/paaw Saxonburg, Pennsylvania

M&A by Sector

Sector Buy # Value Sell # Value
Utilities 5 (71%) 157M (30%) 3 (75%) 608M (100%)
Environmental 1 (14%) - 1 (25%) -
Consumer Services 1 (14%) 365M (70%) - -
Total 7 $522M 4 $608M

By Geo

State/Country Buy Value Sell Value
United States 7 522M 4 608M
  Pennsylvania 2 130M 2 -
  New Jersey 2 - 1 -
  New York 1 - 1 608M
  West Virginia 1 27M - -
  Georgia 1 365M - -
Total 7 $522M 4 $608M

Top M&A Advisors

Financial Deals
BofA Securities
1
Legal Deals
Schulte Roth & Zabel LLP
1
Shearman & Sterling
1
Holland & Knight LLP
1

Deal Values

buy # Total
$100M to $1B 2 $495M
< $100M 1 $27M
TOTAL $522M
Largest Southern Co. - Pivotal Home Solutions
$365M (2018-04-11)
sell # Total
$100M to $1B 1 $608M
TOTAL $608M
Largest American Water Works Co., Inc. - New York American Water
$608M (2019-11-20)

M&A Connections

Deals
Acquired from
Investor(s)
14%
1 (14%)
Strategic(s)
29%
2 (29%)
Divested to
Investor(s)
50%
2 (50%)
Strategic(s)
50%
2 (50%)

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