Essential Utilities - M&A Summary and Business Overview

UtilitiesCompany

Essential Utilities M&A Summary

Essential Utilities has acquired 5 companies. It has also divested 1 asset.

Essential Utilities’ largest acquisition to date was in 2018, when it acquired Peoples Natural Gas for $4.3B. It’s largest disclosed sale occurred in 2012, when it sold The Maine Water to Connecticut Water Service for $54M. Essential Utilities has acquired in 5 different US states. The Company’s most targeted sectors include utilities (100%).

Essential Utilities Business Overview

Where is Essential Utilities headquartered?

Essential Utilities is headquartered in Bryn Mawr, Pennsylvania.

What is Essential Utilities’ revenue?

Essential Utilities disclosed revenue of 2,054M USD for 2023 and 2,288M USD for 2022.

How many employees does Essential Utilities have?

Essential Utilities has 3,258 employees.

What sector is Essential Utilities in?

Essential Utilities is an utilities company.

When was Essential Utilities founded?

Essential Utilities was founded in 1886.

M&A Summary

  • M&A Total Activity6
    • M&A Buy Activity5
    • M&A Sell Activity1
  • Total Sectors Invested 1
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 2
  • M&A Advisors 4

Essential Utilities

Essential Utilities, Inc.

762 West Lancaster Avenue,
Bryn Mawr, Pennsylvania 19010
United States,
(610) 527-8000
www.essential.co

Essential Utilities is a water, waste water and natural gas providers, serving approximately 5 million people across 9 states under the Aqua and Peoples brands. Essential represents an infrastructure company uniquely positioned to have a powerful impact on improving reliability, quality of life and economic prosperity for all. Essential Utilities was founded in 1886 and is based in Bryn Mawr, Pennsylvania.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 5 - - - - - 5
vol $4.3B $4.3B
Sell (0.0/yr) # 1 - - - - - 1
vol $54M $54M
  6

Most Recent M&A

Company Date Value Type
Peoples Natural Gas Co. 2018-10-23 4.3B USD Add-on Acquisition
Pittsburgh, Pennsylvania · www.peoples-gas.com
Crystal Clear Water Co., Inc. 2016-07-07 - Add-on Acquisition
, Illinois
The Maine Water Co. 2012-01-01 54M USD Divestiture
Rockport, Maine · www.mainewater.com
Spring Hill Water Co. 2009-07-15 - Add-on Acquisition
Seattle, Washington
Saddle Club Water Company, Inc. 2008-10-16 - Add-on Acquisition
Weatherford, Texas
Heater Utilities, Inc. 2004-06-01 48M USD Divestiture
Cary, North Carolina
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Aqua Illinois, Inc.    - Village of Bourbonnais' Wastewater System 2021-09-20 2
Kankakee, Illinois Bourbonnais, Illinois
Aqua New Jersey, Inc.    - Spartan Village Water and Wastewater Systems 2014-10-09 1
Hamilton, New Jersey , United States
Aqua North Carolina, Inc.    - Water System Assets - Hubquarter Forestry 2014-08-22 3
Lower Merion,, Pennsylvania Carteret County, North Carolina

M&A by Sector

Sector Buy # Value Sell # Value
Utilities 5 (100%) 4.3B (100%) 1 (100%) 54M (100%)
Total 5 $4.3B 1 $54M

By Geo

State/Country Buy Value Sell Value
United States 5 4.3B 1 54M
  Pennsylvania 1 4.3B - -
  North Carolina 1 48M - -
  Illinois 1 - - -
  Washington 1 - - -
  Texas 1 - - -
  Maine - - 1 54M
Total 5 $4.3B 1 $54M

Top M&A Advisors

Financial Deals
Moelis & Co.
 1
Goldman Sachs
 1
RBC Capital Markets
 1
Legal Deals
Simpson Thacher & Bartlett
 1

Deal Values

buy # Total
> $1B 1 $4.3B
< $100M 1 $48M
TOTAL $4.3B
Largest Peoples Natural Gas Co.
$4.3B (2018-10-23)
sell # Total
< $100M 1 $54M
TOTAL $54M
Largest The Maine Water Co.
$54M (2012-01-01)

M&A Connections

Deals
Acquired from
Strategic(s)
20%
1 (20%)
Divested to
Strategic(s)
100%
1 (100%)

Company Summary

SECTOR

Utilities

Revenue

2,054   11% 2023
2,288   22% 2022
1,878   29% 2021
1,463   65% 2020
890   7% 2019
838   4% 2018
810   2% 2017
820   1% 2016
814   5% 2015
780   3% 2014
761   2% 2013
750   2012
(millions of USD) Show More Show Less

Employees

3,258

Established

1886

Public

NYSE: WTRG

Former Name

Aqua America, Inc.

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