American Water and Essential Utilities to Merge in $63 Billion All-Stock Deal

Aqua Pennsylvania (Essential Utilities) Acquires City of Beaver Falls Wastewater System

July 22, 2025

Utilities

Essential Utilities' subsidiary Aqua Pennsylvania has completed the $37.75 million purchase of the City of Beaver Falls wastewater system in Beaver County, Pennsylvania. The Pennsylvania Public Utility Commission approved the sale on June 18, 2025; Aqua Pennsylvania plans about $10 million in infrastructure investments over the next decade and will integrate roughly 3,200 customers (plus bulk transmission for ~3,800 EDUs) into its system.

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.

Xylem Acquires Evoqua in $7.5 Billion All-Stock Transaction

May 24, 2023

Healthcare Services

Xylem (NYSE: XYL) completed its acquisition of Evoqua Water Technologies Corp. (NYSE: AQUA) in an all-stock transaction valued at approximately $7.5 billion. The deal combines Xylem’s water technology portfolio with Evoqua’s mission-critical water treatment solutions and services to create a scaled global platform serving utilities and industrial/commercial end markets.

Missouri American Water Completes Acquisition of Eureka Water and Wastewater Systems

August 4, 2022

Utilities

Missouri American Water, a subsidiary of American Water, completed the acquisition of the City of Eureka's water and wastewater systems, which serve about 4,000 water and 4,000 wastewater customers. The company will construct a new five-mile pipeline to connect Eureka to its St. Louis County system (drawing from the Missouri River), deploy advanced metering infrastructure, and invest more than $37 million in the systems over the next ten years; the City of Eureka will redeploy the sale proceeds to community investment.

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.

Essential Utilities' Aqua Pennsylvania Acquires Greenville Municipal Water Authority

March 4, 2026

Infrastructure

Essential Utilities, Inc. (NYSE: WTRG) announced that its Aqua Pennsylvania subsidiary finalized an $18 million purchase of the Greenville Municipal Water Authority in Mercer County, Pennsylvania. The system serves about 2,900 customers, and Aqua Pennsylvania plans to invest approximately $10 million over the next decade in upgrades and repairs to pipelines and system operations.