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.

Targets
Appalachian Utilities, Inc.
Sellers
Appalachian Utilities, Inc., Frank Sargent, Jr.
Industry
Utilities
Location
Pennsylvania, United States
Transaction Type
Buyout

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