Indiana American Water Acquires Silver Creek Water Corporation for $45M

Indiana American Water Acquires Claypool Water System from Town of Claypool

March 28, 2023

Utilities

Indiana American Water, a subsidiary of American Water, acquired the Claypool water system from the Town of Claypool for $700,000. The transaction, approved by the Indiana Utility Regulatory Commission on February 22, 2023 and closed March 28, 2023, adds about 150 water customers (serving ~400 residents) and gives the system access to Indiana American Water’s operational and capital resources.

Indiana American Water Acquires Sunset Village Water System

October 31, 2023

Utilities

Indiana American Water purchased the Sunset Village water system (serving the Bushman's Lake community) from owner Tina Beckort, adding about 100 water customers and roughly 270 residents to its service area. The $150,000 transaction was approved by the Indiana Utility Regulatory Commission on August 2, 2023 and closed October 31, 2023, expanding Indiana American Water's presence in southeast Indiana and providing the small system access to the company's operations, capital and customer service resources.

PayrHealth Acquires SilverCreek RCM

January 19, 2022

Healthcare Services

PayrHealth, an Osceola Capital Management portfolio company, has acquired SilverCreek RCM, a Pittsburg, Kansas-based full-service revenue cycle management provider. SilverCreek founder Rebecca Light will join PayrHealth as President of Revenue Cycle Management to lead the combined RCM division; the deal strengthens PayrHealth's RCM capabilities and establishes a platform for further tuck-in acquisitions.

Pennsylvania American Water Acquires Appalachian Utilities, Inc.

September 28, 2023

Utilities

Pennsylvania American Water has acquired Appalachian Utilities, Inc., a small investor-owned water system serving ~1,450 customer connections in Clinton County, Pennsylvania. The regulated utility plans to invest more than $6.2–6.5 million to upgrade aging infrastructure and will adopt Appalachian's current rates pending regulatory approvals.

West Virginia American Water Acquires Jefferson Utilities

October 2, 2023

Utilities

West Virginia American Water, a subsidiary of American Water, completed the acquisition of Jefferson Utilities (including assets of Valley Water and Sewer Services, Shenandoah Junction Public Sewer and East Jefferson Sewer Services) for $27 million. The combined systems serve 3,978 customer connections across Jefferson, Berkeley and Morgan counties; the buyer plans infrastructure updates and will transition customers to West Virginia American Water service and PSC-established rates. The seller/owner, Lee Snyder, is retiring after building the systems over 25 years.

Pennsylvania American Water Acquires Farmington Township Systems and Purchases Corner Water Supply

November 21, 2024

Utilities

Pennsylvania American Water, a subsidiary of American Water (NYSE: AWK), completed the acquisition of the Farmington Township water and wastewater systems in Clarion County, Pennsylvania and signed (and later completed) an agreement to acquire the Corner Water Supply and Service Corporation water system. Combined consideration was reported at roughly $5.8 million (Corner Water was later reported sold for $250,000), and Pennsylvania American Water plans multi‑million dollar investments to upgrade and regionalize the systems to improve reliability and meet regulatory standards.