Pennsylvania American Water Acquires Appalachian Utilities, Inc.
September 28, 2023
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.
- Buyers
- Pennsylvania American Water
- Targets
- Appalachian Utilities, Inc.
- Sellers
- Appalachian Utilities, Inc., Frank Sargent, Jr.
- Industry
- Utilities
- Location
- Pennsylvania, United States
- Transaction Type
- Buyout
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