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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