Pennsylvania American Water Acquires Audubon Water Company
September 21, 2023
Pennsylvania American Water, a subsidiary of American Water (NYSE: AWK), has acquired Audubon Water Company, a private investor-owned water system serving approximately 2,900 customer connections in Lower Providence Township, Montgomery County, Pennsylvania. The transaction was valued at about $8 million and received PUC approval (completed Jan 23, 2025); Pennsylvania American Water plans to invest roughly $21.5 million over the next five years to upgrade and interconnect the system.
- Buyers
- Pennsylvania American Water, American Water (AWK)
- Targets
- Audubon Water Company
- Sellers
- Audubon Water Company (shareholders)
- Industry
- Utilities
- Location
- Pennsylvania, United States
- Transaction Type
- Buyout
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