Public Company Other

Indiana American Water

Greenwood, IN, United States

We are the largest investor-owned water utility in Indiana, serving nearly 1 in 5 Hoosiers. Indiana American Water, a subsidiary of American Water (NYSE: AWK), provides high-quality and reliable drinking water and wastewater services to approximately 1.5 million people from the shores of Lake Michigan to the Ohio River.

Focus Areas
Water Utilities, Wastewater Services, Regulated Utility

Tracked deals

3

3 tracked deals across 2023-2026.

Recent pace

1

1 tracked deal announced in the last 12 months.

Deal mix

Buyout

2 buyout · 1 divestiture

Indiana American Water Acquisition Volume by Year

Last 3 years

Acquisition volume by year Annual acquisition counts for the last 3 years for Indiana American Water. 1 2023 1 2024 ~1 est. 1 2026
Actual Full-year estimate

Supporting Data

Recent Transactions

  • American Water (Indiana American Water, Illinois American Water, etc.) Acquires Nexus Water Group Regulated Systems Across Eight States
    June 1, 2026
    Buyer
    American Water Works Company, Inc., Indiana American Water, Illinois American Water
    Target
    Nexus Regulated Utilities, LLC, Community Utilities of Indiana water and wastewater systems, Prairie Path Water Company water and wastewater systems
    Seller
    Nexus Water Group, Inc. (via Nexus Regulated Utilities, LLC subsidiary)
    Industry
    Infrastructure
    Location
    United States
    Type
    Buyout

    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 Silver Creek Water Corporation for $45M
    September 5, 2024
    Buyer
    Indiana American Water, American Water
    Target
    Silver Creek Water Corporation
    Seller
    Members of Silver Creek Water Corporation, Silver Creek Water Corporation board of directors
    Industry
    Utilities
    Location
    Indiana, United States
    Type
    Buyout

    Indiana American Water (a subsidiary of American Water) received regulatory approval and completed the $45 million acquisition of Silver Creek Water Corporation, bringing roughly 8,000 customers into INAW's Southern Indiana operations. The member-owned utility's board and members approved the sale, and Silver Creek employees will join Indiana American Water following closing on November 6, 2024.

  • Indiana American Water Acquires Sunset Village Water System
    October 31, 2023
    Buyer
    Indiana American Water
    Target
    Sunset Village water system (Bushman's Lake)
    Seller
    Tina Beckort
    Industry
    Utilities
    Location
    Indiana, United States
    Type
    Divestiture

    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.

Related Acquisition Pages

Utilities Buyers & Acquisitions 2 tracked deals by Indiana American Water. Infrastructure Buyers & Acquisitions 1 tracked deal by Indiana American Water. Acquisitions in Indiana 2 tracked deals by Indiana American Water.

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