M&A Deal Summary

Indiana American Water Acquires Charlestown Water

On March 7, 2019, Indiana American Water acquired utilities company Charlestown Water for 13M USD

Acquisition Highlights
  • This is Indiana American Water’s 6th transaction in the Utilities sector.
  • This is Indiana American Water’s 3rd largest (disclosed) transaction.
  • This is Indiana American Water’s 6th transaction in the United States.
  • This is Indiana American Water’s 4th transaction in Indiana.

M&A Deal Summary
Date 2019-03-07
Target Charlestown Water
Sector Utilities
Buyer(s) Indiana American Water
Deal Type Add-on Acquisition
Deal Value 13M USD

Target

Charlestown Water

Charlestown, Indiana, United States
Charlestown Water is a municipal water utility located in southern Indiana.

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Buyer(S) 1

Buyer

Indiana American Water

Greenwood,, Indiana, United States
Category Company
Founded 1936
Sector Utilities
DESCRIPTION

Indiana American Water is a local water and wastewater company. Indiana American Water is committed to delivering high quality water to all customers in Indiana. Company conduct over 34,000 tests per year for about 100 potential contaminants, checking drinking water quality at every stage of the water treatment and delivery process.

DEAL STATS #
Overall 6 of 10
Sector (Utilities) 6 of 10
Type (Add-on Acquisition) 5 of 9
State (Indiana) 4 of 7
Country (United States) 6 of 10
Year (2019) 1 of 2
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-17 Georgetown Water

Indiana, United States

Georgetown Water is a municipal water utility located in southern Indiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-22 City of Lake Station

Lake Station, Indiana, United States

City of Lake Station provides water service to much of northwest Indiana, adds more than 3,270 water customers, representing a population of more than 8,800 residents, to the company’s customer base.

Buy $21M
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