M&A Deal Summary

American Water Acquires Shorelands Water Co.

On August 3, 2016, American Water acquired utilities company Shorelands Water Co.

Acquisition Highlights
  • This is American Water’s 4th transaction in the Utilities sector.
  • This is American Water’s 5th transaction in the United States.
  • This is American Water’s 2nd transaction in New Jersey.

M&A Deal Summary

Date 2016-08-03
Target Shorelands Water Co.
Sector Utilities
Buyer(s) American Water
Deal Type Add-on Acquisition

Target

Shorelands Water Co.

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.

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Buyer(S) 1

Buyer

American Water

Camden, New Jersey, United States

Category Company
Founded 1886
Sector Utilities
Employees6,700
Revenue 4.7B USD (2024)
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 5 of 8
Sector: Utilities M&A 4 of 6
Type: Add-on Acquisition M&A Deals 3 of 4
State: New Jersey M&A 2 of 2
Country: United States M&A 5 of 8
Year: 2016 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-12 Beaver Dam Lake Water

Salisbury Mills, New York, United States

Beaver Dam Lake Water Corp. is a provider of water to approximately 160 households on Beaver Dam Lake.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-11 Southern Co. - 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.

Buy $365M