Pennsylvania American Water Acquires Audubon Water Company

September 21, 2023

Pennsylvania American Water, a subsidiary of American Water (NYSE: AWK), has acquired Audubon Water Company, a private investor-owned water system serving approximately 2,900 customer connections in Lower Providence Township, Montgomery County, Pennsylvania. The transaction was valued at about $8 million and received PUC approval (completed Jan 23, 2025); Pennsylvania American Water plans to invest roughly $21.5 million over the next five years to upgrade and interconnect the system.

Targets
Audubon Water Company
Sellers
Audubon Water Company (shareholders)
Industry
Utilities
Location
Pennsylvania, United States
Transaction Type
Buyout

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