M&A Deal Summary

Pennsylvania American Water Acquires Saxonburg Area Authority Water Business

On October 28, 2009, Pennsylvania American Water acquired utilities company Saxonburg Area Authority Water Business from The Saxonburg Area Authority for 6M USD

Acquisition Highlights
  • This is Pennsylvania American Water’s 1st transaction in the Utilities sector.
  • This is Pennsylvania American Water’s 7th largest (disclosed) transaction.
  • This is Pennsylvania American Water’s 1st transaction in the United States.
  • This is Pennsylvania American Water’s 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2009-10-28
Target Saxonburg Area Authority Water Business
Sector Utilities
Buyer(s) Pennsylvania American Water
Sellers(s) The Saxonburg Area Authority
Deal Type Divestiture
Deal Value 6M USD

Target

Saxonburg Area Authority Water Business

Saxonburg, Pennsylvania, United States
Saxonburg Area Authority, Water Business provides water processing and distribution services. The business comprises fourteen miles of water distribution lines and water processing plants.

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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 1 of 15
Sector (Utilities) 1 of 15
Type (Divestiture) 1 of 3
State (Pennsylvania) 1 of 13
Country (United States) 1 of 14
Year (2009) 1 of 1
Size (of disclosed) 7 of 7
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-02-03 Nittany Water

Mill Hall,, Pennsylvania, United States

Nittany Water Company, Inc. is engaged in the distribution of water.

Buy -

Seller(S) 1

SELLER

The Saxonburg Area Authority

Saxonburg, Pennsylvania, United States
Category Company
Sector Utilities
DESCRIPTION

The Saxonburg Area Authority is the provider of sanitary sewer service to Saxonburg Borough, various parts of Clinton, Jefferson, Penn and Middlesex Townships in southeastern Butler County in Western Pennsylvania.?

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 (2009) 1 of 1
Size (of disclosed) 1 of 1
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