Tracked deals
10
10 tracked deals across 2022-2026.
Utilities Buyers & Acquisitions in Pennsylvania
Buyer mix
Strategic-led
17 strategic
Top trend
Volume peaked in 2023
3 tracked deals announced in 2023.
Buyer Snapshot
Top Buyers
Illustrative buyers pulled from tracked transactions on this page. This table is capped and intentionally non-exhaustive.
| Buyer | # Deals | Focus | Type |
|---|---|---|---|
| Pennsylvania American Water | 6 | Regulated water and wastewater utility (Pennsylvania subs... | Strategic |
| Essential Utilities, Inc. | 4 | Public utility company delivering water, wastewater and n... | Strategic |
| Aqua Pennsylvania | 3 | Regional water and wastewater utility providing service t... | Strategic |
| American Water | 2 | The largest regulated water and wastewater utility compan... | Strategic |
| American Water (AWK) | 1 | Largest regulated water and wastewater utility in the U.S... | Strategic |
| Aqua Pennsylvania Wastewater | 1 | Pennsylvania-focused wastewater subsidiary of Essential U... | Strategic |
Acquisition Volume in Utilities in Pennsylvania by Year
Last 5 years
Actual
Full-year estimate
Supporting Data
Recent Transactions
-
August 13, 2026
- Buyer
- Pennsylvania American Water
- Target
- Sutersville–Sewickley Municipal Sewage Authority (SSMSA) wastewater system
- Seller
- Sutersville–Sewickley Municipal Sewage Authority (SSMSA), Sutersville Borough, Sewickley Township
- Industry
- Utilities
- Location
- Pennsylvania, United States
- Type
- Buyout
Pennsylvania American Water completed its acquisition of the Sutersville–Sewickley Municipal Sewage Authority (SSMSA) wastewater system for $3.25 million. The acquired system serves about 500 customer connections across Sutersville Borough and Sewickley Township in Westmoreland County, Pennsylvania, and Pennsylvania American Water plans to invest about $700,000 in system improvements over the next five years.
-
July 22, 2025
- Buyer
- Aqua Pennsylvania, Essential Utilities, Inc.
- Target
- City of Beaver Falls Wastewater System
- Seller
- City of Beaver Falls
- Industry
- Utilities
- Location
- Pennsylvania, United States
- Type
- Divestiture
Essential Utilities' subsidiary Aqua Pennsylvania has completed the $37.75 million purchase of the City of Beaver Falls wastewater system in Beaver County, Pennsylvania. The Pennsylvania Public Utility Commission approved the sale on June 18, 2025; Aqua Pennsylvania plans about $10 million in infrastructure investments over the next decade and will integrate roughly 3,200 customers (plus bulk transmission for ~3,800 EDUs) into its system.
-
- Buyer
- Pennsylvania American Water
- Target
- Manwalamink Water and Sewer Company
- Seller
- Manwalamink Water and Sewer Company (owners)
- Industry
- Utilities
- Location
- Pennsylvania, United States
- Type
- Divestiture
Pennsylvania American Water has completed the acquisition of the water and wastewater systems serving approximately 1,260 water and 1,260 wastewater connections from Manwalamink Water and Sewer Company in Middle Smithfield and Smithfield townships, Monroe County, Pennsylvania. The acquisition—approved by the Pennsylvania Public Utility Commission—transfers operations to Pennsylvania American Water, which plans more than $7 million in system improvements over the next five years to meet regulatory, safety and security standards.
-
November 21, 2024
- Buyer
- Pennsylvania American Water, American Water
- Target
- Farmington Township water and wastewater system, Corner Water Supply and Service Corporation
- Seller
- Farmington Township, Corner Water Supply and Service Corporation (owned/operated by the families of William G. Patterson and Woody Weaver; principal owner Tom Weaver)
- Industry
- Utilities
- Location
- Pennsylvania, United States
- Type
- Buyout
Pennsylvania American Water, a subsidiary of American Water (NYSE: AWK), completed the acquisition of the Farmington Township water and wastewater systems in Clarion County, Pennsylvania and signed (and later completed) an agreement to acquire the Corner Water Supply and Service Corporation water system. Combined consideration was reported at roughly $5.8 million (Corner Water was later reported sold for $250,000), and Pennsylvania American Water plans multi‑million dollar investments to upgrade and regionalize the systems to improve reliability and meet regulatory standards.
-
- Buyer
- Pennsylvania American Water, American Water
- Target
- Butler Area Sewer Authority
- Seller
- Butler Area Sewer Authority
- Industry
- Utilities
- Location
- Pennsylvania, United States
- Type
- Buyout
Pennsylvania American Water, a subsidiary of American Water, completed the $230 million purchase of the Butler Area Sewer Authority (BASA) wastewater system in Butler County, Pennsylvania. The acquisition adds more than 15,000 customer connections and Pennsylvania American Water plans to invest over $75 million in system upgrades while BASA will use proceeds to eliminate approximately $49 million in debt.
-
September 28, 2023
- Buyer
- Pennsylvania American Water
- Target
- Appalachian Utilities, Inc.
- Seller
- Appalachian Utilities, Inc., Frank Sargent, Jr.
- Industry
- Utilities
- Location
- Pennsylvania, United States
- Type
- Buyout
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.
-
September 21, 2023
- Buyer
- Pennsylvania American Water, American Water (AWK)
- Target
- Audubon Water Company
- Seller
- Audubon Water Company (shareholders)
- Industry
- Utilities
- Location
- Pennsylvania, United States
- Type
- Buyout
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.
-
- Buyer
- Essential Utilities, Inc., Aqua Pennsylvania
- Target
- Municipal Authority of the Borough of Shenandoah (MABS) water system
- Seller
- Municipal Authority of the Borough of Shenandoah (MABS)
- Industry
- Utilities
- Location
- Pennsylvania, United States
- Type
- Buyout
Essential Utilities, through its Aqua Pennsylvania subsidiary, acquired the Municipal Authority of the Borough of Shenandoah (MABS) water system for $12 million. The transaction transfers service for roughly 3,000 customers in Shenandoah, Pennsylvania to Aqua Pennsylvania, which plans more than $23 million in infrastructure investments over the next 10 years to improve reliability and water quality.
-
August 12, 2022
- Buyer
- Essential Utilities Inc., Aqua Pennsylvania Wastewater
- Target
- East Whiteland Township (municipal wastewater assets)
- Seller
- East Whiteland Township
- Industry
- Utilities
- Location
- Pennsylvania, United States
- Type
- Divestiture
Essential Utilities Inc.'s Pennsylvania wastewater subsidiary, Aqua Pennsylvania Wastewater, acquired the municipal wastewater assets of East Whiteland Township (Chester County, PA) for approximately $55 million. The system serves about 8,200 customer-equivalents across 57 miles of collection mains and 12 pump stations; Aqua expects roughly $17 million in infrastructure improvements over the next decade.
-
March 4, 2022
- Buyer
- Essential Utilities Inc., Aqua Pennsylvania
- Target
- Lower Makefield Township wastewater system
- Seller
- Lower Makefield Township
- Industry
- Utilities
- Location
- Pennsylvania, United States
- Type
- Divestiture
Essential Utilities' Aqua Pennsylvania subsidiary acquired the wastewater system of Lower Makefield Township (Bucks County, PA) for $53 million, adding roughly 11,000 customer connections and pushing Aqua Pennsylvania's total customer connections above 500,000. Aqua Pennsylvania plans about $10 million of infrastructure investment in the system over the first 10 years and the transaction represents a sale of municipal wastewater assets by Lower Makefield Township.
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