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

Plains to Acquire SCM PR II (Silver Creek)

September 16, 2026

Oil & Gas

Plains All American Pipeline and Plains GP Holdings agreed to acquire SCM PR II, LLC (Silver Creek) for approximately $585 million in cash. The target operates crude oil gathering and transmission infrastructure in Wyoming’s Powder River Basin; the transaction is expected to close in the fourth quarter of 2026, subject to customary conditions and antitrust clearance.

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.

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.

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.

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.

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.