M&A Deal Summary

Pennsylvania American Water Acquires New Cumberland Wastewater System

On May 5, 2016, Pennsylvania American Water acquired utilities company New Cumberland Wastewater System from Borough of New Cumberland for 23M USD

Acquisition Highlights
  • This is Pennsylvania American Water’s 10th transaction in the Utilities sector.
  • This is Pennsylvania American Water’s 3rd largest (disclosed) transaction.
  • This is Pennsylvania American Water’s 9th transaction in the United States.
  • This is Pennsylvania American Water’s 9th transaction in Pennsylvania.

M&A Deal Summary
Date 2016-05-05
Target New Cumberland Wastewater System
Sector Utilities
Buyer(s) Pennsylvania American Water
Sellers(s) Borough of New Cumberland
Deal Type Divestiture
Deal Value 23M USD

Target

New Cumberland Wastewater System

Pennsylvania, United States
New Cumberland Wastewater System serves approximately 3,100 customers provide high-quality and reliable water and/or wastewater services to approximately 2.3 million people.

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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 10 of 15
Sector (Utilities) 10 of 15
Type (Divestiture) 3 of 3
State (Pennsylvania) 9 of 13
Country (United States) 9 of 14
Year (2016) 2 of 3
Size (of disclosed) 3 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-30 Scranton Sewer System Wastewater Assets

Scranton, Pennsylvania, United States

Scranton Sewer System Wastewater Assets which serves approximately 31,000 customers, is under an EPA Consent Decree that mandates significant upgrades to the sewer system totaling an estimated $140 million.

Buy $195M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-09 McKeesport Wastewater System

McKeesport, Pennsylvania, United States

McKeesport Wastewater System is a water and wastewater company.

Buy $156M

Seller(S) 1

SELLER

Borough of New Cumberland

New Cumberland, Pennsylvania, United States
Category Company
Sector Business Services
DESCRIPTION

Borough of New Cumberland provides a wide range of public services and programs through an Administrative Office, a Police Department, a Fire Department, an Office of Emergency Management, a Building and Zoning Department, a Highway Department, a Wastewater Treatment Facility, and a Public Library. Public parks are maintained by the highway department. Refuse collection and recycling are under contract with Republic Services.

DEAL STATS #
Overall 1 of 1
Sector (Utilities) 1 of 1
Type (Divestiture) 1 of 1
State (Pennsylvania) 1 of 1
Country (United States) 1 of 1
Year (2016) 1 of 1
Size (of disclosed) 1 of 1
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