M&A Deal Summary

Pennsylvania American Water Acquires Appalachian Utilities

On September 28, 2023, Pennsylvania American Water acquired utilities company Appalachian Utilities

Acquisition Highlights
  • This is Pennsylvania American Water’s 14th transaction in the Utilities sector.
  • This is Pennsylvania American Water’s 13th transaction in the United States.
  • This is Pennsylvania American Water’s 12th transaction in Pennsylvania.

M&A Deal Summary
Date 2023-09-28
Target Appalachian Utilities
Sector Utilities
Buyer(s) Pennsylvania American Water
Deal Type Add-on Acquisition

Target

Appalachian Utilities

Waymart, Pennsylvania, United States
Appalachian Utilities provides clean drinking water and fire protection to the Woolrich, Pine Creek, and Avis areas of Pennsylvania. Appalachian Utilities was founded in 1995 and is based in Waymart, Pennsylvania.

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Buyer(S) 1

Buyer

Pennsylvania American Water

Hershey, Pennsylvania, United States
Category Company
Founded 1892
Sector Utilities
DESCRIPTION

Pennsylvania American Water is a local water and wastewater company. Company serve approximately 2.2 million people in nearly 400 communities, supplying high quality water and wastewater service.

DEAL STATS #
Overall 14 of 15
Sector (Utilities) 14 of 15
Type (Add-on Acquisition) 11 of 12
State (Pennsylvania) 12 of 13
Country (United States) 13 of 14
Year (2023) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-21 Audubon Water Company

Eagleville, Pennsylvania, United States

Audubon Water Company is a provider of reliable water and wastewater services to approximately 2,900 customers in Lower Providence Township, Montgomery County. Audubon Water Company is based in Eagleville, Pennsylvania.

Buy $8M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-01 Sadsbury Township Wastewater Collection

Pennsylvania, United States

Sadsbury Township Wastewater Collection provides a wastewater collection system.

Buy -
Mergr

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