M&A - American Water Works Company, Inc.

Form Type: 8-K

Filing Date: 2025-05-19

Corporate Action: Acquisition

Type: New

Accession Number: 000119312525122469

Filing Summary: On May 19, 2025, American Water Works Company, Inc. entered into a Purchase and Sale Agreement with Nexus Regulated Utilities, LLC to acquire entities owning regulated water and wastewater system assets across eight states including Illinois, Indiana, Kentucky, Maryland, New Jersey, Pennsylvania, Tennessee, and Virginia. The aggregate purchase price is approximately $315 million, subject to adjustments, with an estimated rate base of about $200 million at closing. The acquisition will add nearly 47,000 customer connections to American Water's regulated businesses across the specified states. The funding for the purchase will be sourced from cash flow generated from operations and existing liquidity. The agreement includes customary warranties and requires various regulatory approvals before the closing, anticipated by or before August 2026.