M&A
confidence high
sentiment positive
materiality 0.65
American Water completes $315M acquisition of Nexus Water systems in eight states
American Water Works Company, Inc.
- Acquired water/wastewater assets in IL, IN, KY, MD, NJ, PA, TN, VA for ~$315M.
- Adds ~47,000 customer connections and ~70 employees to regulated businesses.
- Aggregate rate base estimated at ~$200M; funded from cash flow and existing liquidity.
- All required regulatory approvals obtained prior to June 1, 2026 closing.