M&A Deal Summary

American Water Acquires Essential Utilities

On October 27, 2025, American Water acquired utilities company Essential Utilities

Acquisition Highlights
  • This is American Water’s 6th transaction in the Utilities sector.
  • This is American Water’s 8th transaction in the United States.
  • This is American Water’s 3rd transaction in Pennsylvania.

M&A Deal Summary

Date 2025-10-27
Target Essential Utilities
Sector Utilities
Buyer(s) American Water
Deal Type Merger
Advisor(s) Moelis & Co. (Financial)
Gibson, Dunn & Crutcher (Legal)

Target

Essential Utilities

Bryn Mawr, Pennsylvania, United States
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.

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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 8 of 8
Sector: Utilities M&A 6 of 6
Type: Merger M&A Deals 1 of 1
State: Pennsylvania M&A 3 of 3
Country: United States M&A 8 of 8
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-02 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.

Buy $27M