M&A Deal Summary

American Water Acquires Jefferson Utilities

On October 2, 2023, American Water acquired utilities company Jefferson Utilities for 27M USD

Acquisition Highlights
  • This is American Water’s 5th transaction in the Utilities sector.
  • This is American Water’s 3rd largest (disclosed) transaction.
  • This is American Water’s 7th transaction in the United States.
  • This is American Water’s 1st transaction in West Virginia.

M&A Deal Summary
Date 2023-10-02
Target Jefferson Utilities
Sector Utilities
Buyer(s) American Water
Deal Type Add-on Acquisition
Deal Value 27M USD

Target

Jefferson Utilities

Kearneysville, West Virginia, United States
Jefferson Utilities includes the assets of Jefferson Utilities, as well as Valley Water and Sewer Services, Shenandoah Junction Public Sewer and East Jefferson Sewer Services. The combined systems serve customer connections in Jefferson, Berkeley and Morgan counties of West Virginia. Jefferson Utilities is based in Kearneysville, West Virginia.

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Buyer(S) 1

Buyer

American Water

Camden, New Jersey, United States
Category Company
Founded 1886
Sector Utilities
Employees6,500
Revenue 4.2B USD (2023)
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 7 of 7
Sector (Utilities) 5 of 5
Type (Add-on Acquisition) 4 of 4
State (West Virginia) 1 of 1
Country (United States) 7 of 7
Year (2023) 1 of 1
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-29 Oncourse Home Solutions

Naperville, Illinois, United States

Oncourse Home Solutions provides various warranty protection programs and other home services to residential customers across the country. The company's customer-facing brands include American Water Resources and Pivotal Home Solutions. It currently has nearly 3 million customer contracts across 43 states and Washington, D.C. Oncourse Home Solutions is based in Naperville, Illinois.

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