Apax Partners Acquires American Water's Homeowner Services Group

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

June 1, 2026

Infrastructure

American Water Works Company, Inc. (through multiple state subsidiaries including Indiana American Water and Illinois American Water) completed its acquisition of regulated water and wastewater system assets from Nexus Regulated Utilities, a subsidiary of Nexus Water Group. The approximately $315 million (cash, subject to adjustment) transaction closed June 1, 2026 and expands American Water’s footprint in eight U.S. states, adding roughly 47,000 customer connections.

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.

AquaPhoenix Scientific Acquires Water America LLC

February 10, 2025

IT Services

AquaPhoenix Scientific acquired Water America LLC, a provider of chemical injection equipment for water treatment and related industrial applications. The acquisition is intended to strengthen AquaPhoenix’s ability to deliver water management solutions, including broader technical capabilities and expanded customer service.

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.

Edgewater Capital Partners Acquires AmeriWater

July 19, 2022

Healthcare Services

Edgewater Capital Partners acquired AmeriWater, a provider of water purification systems and services for healthcare (including dialysis and sterile processing) and industrial applications. Edgewater said it will support continued growth through product development, end market expansion, and technological advancements.

Wrench Group Acquires All About Water

September 1, 2020

Plumbing

Wrench Group LLC, a national home services operator based in Marietta, Georgia, has acquired All About Water, a Chandler, Arizona-based plumbing and water treatment specialist. The deal expands Wrench Group's footprint and capabilities in the Phoenix metropolitan area and strengthens its residential water treatment and plumbing offerings.