M&A Deal Summary

Essential Utilities Acquires Saddle Club Water Company

On October 16, 2008, Essential Utilities acquired utilities company Saddle Club Water Company

Acquisition Highlights
  • This is Essential Utilities’ 2nd transaction in the Utilities sector.
  • This is Essential Utilities’ 2nd transaction in the United States.
  • This is Essential Utilities’ 1st transaction in Texas.

M&A Deal Summary

Date 2008-10-16
Target Saddle Club Water Company
Sector Utilities
Buyer(s) Essential Utilities
Deal Type Add-on Acquisition

Target

Saddle Club Water Company

Weatherford, Texas, United States
Saddle Club Water Company, Inc. is a provider of direct water services.

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Buyer(S) 1

Buyer

Essential Utilities

Bryn Mawr, Pennsylvania, United States

Category Company
Founded 1886
Sector Utilities
Employees3,258
Revenue 2.1B USD (2023)
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 2 of 5
Sector (Utilities) 2 of 5
Type (Add-on Acquisition) 1 of 4
State (Texas) 1 of 1
Country (United States) 2 of 5
Year (2008) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-06-01 Heater Utilities

Cary, North Carolina, United States

Heater Utilities Inc. owns and operates small water systems. The company provides water supply and wastewater treatment services.

Buy $48M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-07-15 Spring Hill Water

Seattle, Washington, United States

Spring Hill Water Co. is a povider of water distribution services and also engages in preparation of municipal water systems.

Buy -