M&A Deal Summary

Pennsylvania American Water Acquires Scranton Sewer System Wastewater Assets

On March 30, 2016, Pennsylvania American Water acquired utilities company Scranton Sewer System Wastewater Assets from Scranton Sewer Authority for 195M USD

Acquisition Highlights
  • This is Pennsylvania American Water’s 9th transaction in the Utilities sector.
  • This is Pennsylvania American Water’s largest (disclosed) transaction.
  • This is Pennsylvania American Water’s 8th transaction in the United States.
  • This is Pennsylvania American Water’s 8th transaction in Pennsylvania.

M&A Deal Summary
Date 2016-03-30
Target Scranton Sewer System Wastewater Assets
Sector Utilities
Buyer(s) Pennsylvania American Water
Sellers(s) Scranton Sewer Authority
Deal Type Divestiture
Deal Value 195M USD

Target

Scranton Sewer System Wastewater Assets

Scranton, Pennsylvania, United States
Scranton Sewer System Wastewater Assets which serves approximately 31,000 customers, is under an EPA Consent Decree that mandates significant upgrades to the sewer system totaling an estimated $140 million.

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Buyer(S) 1

Buyer

Pennsylvania American Water

Hershey, Pennsylvania, United States

website

Category Company
Founded 1892
Sector Utilities
DESCRIPTION

Pennsylvania American Water is a local water and wastewater company. Company serve approximately 2.2 million people in nearly 400 communities, supplying high quality water and wastewater service.

DEAL STATS #
Overall 9 of 14
Sector (Utilities) 9 of 14
Type (Divestiture) 2 of 3
State (Pennsylvania) 8 of 12
Country (United States) 8 of 13
Year (2016) 1 of 3
Size (of disclosed) 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-22 Wastewater System of Fairview Township

Fairview Township, Pennsylvania, United States

Wastewater System of Fairview Township provides wastewater service to approximately 4,000 customers, including more than 200 businesses and commercial accounts.

Buy $17M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-05 New Cumberland Wastewater System

Pennsylvania, United States

New Cumberland Wastewater System serves approximately 3,100 customers provide high-quality and reliable water and/or wastewater services to approximately 2.3 million people.

Buy $23M

Seller(S) 1

SELLER

Scranton Sewer Authority

Scranton, Pennsylvania, United States

website

Category Company
Founded 1968
Sector Utilities
DESCRIPTION

Scranton Sewer Authority is a provider of first wastewater treatment for Scranton and Dunmore. Now the Authority is a 20 million gallon a day rated wastewater treatment plant that provides service to over 30,000 customers. It also owns and maintains over 275 miles of collection and interceptor sewers.

DEAL STATS #
Overall 1 of 1
Sector (Utilities) 1 of 1
Type (Divestiture) 1 of 1
State (Pennsylvania) 1 of 1
Country (United States) 1 of 1
Year (2016) 1 of 1
Size (of disclosed) 1 of 1
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