M&A Deal Summary

Essential Utilities Acquires Crystal Clear Water Co.

On July 7, 2016, Essential Utilities acquired utilities company Crystal Clear Water Co.

Acquisition Highlights
  • This is Essential Utilities’ 4th transaction in the Utilities sector.
  • This is Essential Utilities’ 4th transaction in the United States.
  • This is Essential Utilities’ 1st transaction in Illinois.

M&A Deal Summary

Date 2016-07-07
Target Crystal Clear Water Co.
Sector Utilities
Buyer(s) Essential Utilities
Deal Type Add-on Acquisition

Target

Crystal Clear Water Co.

Illinois, United States
Crystal Clear Water Co., Inc. is a provider of water for 293 customer connections in unincorporated McHenry County, Illinois, adjacent to the City of Crystal Lake.

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Buyer(S) 1

Buyer

Essential Utilities

Bryn Mawr, Pennsylvania, United States

Category Company
Founded 1886
Sector Utilities
Revenue 2.1B USD (2024)
DESCRIPTION

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.


DEAL STATS #
Overall 4 of 5
Sector: Utilities M&A 4 of 5
Type: Add-on Acquisition M&A Deals 3 of 4
State: Illinois M&A 1 of 1
Country: United States M&A 4 of 5
Year: 2016 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-01 The Maine Water Co.

Rockport, Maine, United States

The Maine Water Co. is a provider of drinking water services.

Sell $54M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-23 Peoples Natural Gas Co.

Pittsburgh, Pennsylvania, United States

Peoples Natural Gas Co. is a provider of natural gas service to approximately 700,000 homes and businesses in western Pennsylvania, West Virginia and Kentucky.

Buy $4.3B