American Water (Indiana American Water, Illinois American Water, etc.) Acquires Nexus Water Group Regulated Systems Across Eight States

New Jersey American Water Completes Acquisition of Montague Water & Wastewater Systems

June 2, 2026

Utilities

New Jersey American Water, a subsidiary of American Water Works Company, completed its acquisition of the water and wastewater systems of Montague Sewer & Water Co. in New Jersey from Nexus Regulated Utilities. The deal expands New Jersey American Water’s service footprint by about 810 water customer connections and 270 wastewater customer connections.

Tennessee American Water Completes Acquisition of Tennessee Water Service Water System

June 1, 2026

Infrastructure

Tennessee American Water completed its acquisition of Tennessee Water Service’s water system on June 1, 2026. The deal adds about 480 customer connections and one employee, strengthening Tennessee American Water’s local service capabilities and customer offerings.

American Water Works Company to Merge with Essential Utilities in $63 Billion All-Stock Deal

October 28, 2025

Infrastructure

American Water Works Company, Inc. and Essential Utilities, Inc. announced a definitive, all-stock, tax-free merger under which Essential shareholders will receive 0.305 shares of American Water for each share of Essential. The combination is intended to create the largest regulated water and wastewater utility in the United States, serving about 4.7 million water/wastewater connections across 17 states, with the deal expected to close in the first quarter of 2027 subject to regulatory approvals and other customary conditions.

Illinois American Water Acquires Metro East Sanitary District Wastewater System

November 13, 2024

Utilities

Illinois American Water completed its $8.4 million acquisition of the Metro East Sanitary District (MESD) wastewater system, adding roughly 5,600 customers to its Metro East footprint near St. Louis. The purchase (approved by the Illinois Commerce Commission) includes the Eagle Park and Lansdowne wastewater systems and positions Illinois American Water to invest in infrastructure and operational improvements across the MESD assets.

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.

Apax Partners Acquires American Water's Homeowner Services Group

October 29, 2021

Insurance

Funds advised by Apax Partners agreed to acquire American Water's Homeowner Services Group in a transaction valued at about $1.275 billion. The deal delivers $480 million in cash to American Water, a $720 million secured seller's note and up to $75 million of contingent consideration, allowing American Water to redeploy proceeds into its regulated water and wastewater business.