M&A Deal Summary

Indiana American Water Acquires City of Lake Station

On October 22, 2019, Indiana American Water acquired utilities company City of Lake Station for 21M USD

Acquisition Highlights
  • This is Indiana American Water’s 7th transaction in the Utilities sector.
  • This is Indiana American Water’s 2nd largest (disclosed) transaction.
  • This is Indiana American Water’s 7th transaction in the United States.
  • This is Indiana American Water’s 5th transaction in Indiana.

M&A Deal Summary
Date 2019-10-22
Target City of Lake Station
Sector Utilities
Buyer(s) Indiana American Water
Deal Type Add-on Acquisition
Deal Value 21M USD

Target

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.

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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 7 of 10
Sector (Utilities) 7 of 10
Type (Add-on Acquisition) 6 of 9
State (Indiana) 5 of 7
Country (United States) 7 of 10
Year (2019) 2 of 2
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-07 Charlestown Water

Charlestown, Indiana, United States

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

Buy $13M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-28 Claypool Water System

United States

Claypool Water System provides water services.

Buy -
Mergr

Product

Company

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