American Water Works Completes Acquisition of Nexus Water Group Systems

Details

completed the acquisition of water and wastewater system assets from Nexus Regulated Utilities, LLC for approximately $315 million. This acquisition added approximately 47,000 customer connections and 70 employees across Illinois, Indiana, Kentucky, Maryland, New Jersey, Pennsylvania, Tennessee, and Virginia. The purchase price is subject to adjustment as per the Purchase Agreement dated May 19, 2025.

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About American Water Works Company, Inc.

American Water Works Company, Inc. is a prominent utility company that provides water and wastewater services across the United States. It primarily focuses on the operation and maintenance of water and wastewater utilities, ensuring the delivery of reliable clean water and proper treatment of wastewater for residential, commercial, and industrial customers. With a strong commitment to sustainability and community support, American Water Works is engaged in essential environmental stewardship practices to preserve natural resources. Serving millions of people, the company operates through subsidiaries in several states, playing a critical role in the water infrastructure sector. Its services ensure compliance with federal and state regulations, which safeguards public health and the environment. In the financial market, American Water Works is recognized for its stable operations and contributions to the utility sector, offering investors exposure to a critical and typically regulated industry that remains vital regardless of economic cycles.