M&A Deal Summary

Pennsylvania American Water Acquires Audubon Water Company

On September 21, 2023, Pennsylvania American Water acquired utilities company Audubon Water Company for 8M USD

Acquisition Highlights
  • This is Pennsylvania American Water’s 13th transaction in the Utilities sector.
  • This is Pennsylvania American Water’s 6th largest (disclosed) transaction.
  • This is Pennsylvania American Water’s 12th transaction in the United States.
  • This is Pennsylvania American Water’s 11th transaction in Pennsylvania.

M&A Deal Summary
Date 2023-09-21
Target Audubon Water Company
Sector Utilities
Buyer(s) Pennsylvania American Water
Deal Type Add-on Acquisition
Deal Value 8M USD

Target

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.

Search 199,713 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

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 13 of 15
Sector (Utilities) 13 of 15
Type (Add-on Acquisition) 10 of 12
State (Pennsylvania) 11 of 13
Country (United States) 12 of 14
Year (2023) 1 of 2
Size (of disclosed) 6 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-15 Steelton Borough Authority Water System

Dauphin County, California, United States

Steelton Borough Authority Water System which serves nearly 2,400 metered residential, commercial and large industrial connections.

Buy $23M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-28 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.

Buy -
Mergr

Product

Company

Legal