Indiana American Water Completes Purchase of Community Utilities of Indiana's Water and Wastewater Systems, Part of Nexus Water Group Systems

American Water (NYSE: AWK) subsidiary Indiana American Water completed its acquisition of Community Utilities of Indiana’s water and wastewater systems from a Nexus Water Group subsidiary on June 1, 2026.

Rhea-AI Summary

American Water (NYSE: AWK) subsidiary Indiana American Water completed its acquisition of Community Utilities of Indiana’s water and wastewater systems from a Nexus Water Group subsidiary on June 1, 2026. The deal adds about 8,200 customer connections, including roughly 5,300 new customers and around eight employees.

The acquired systems serve Merrillville, Lakes of the Four Seasons, and Roselawn. Regulatory approvals were finalized May 21, 2026. New customers gain access to Indiana American Water’s MyWater online portal, flexible payment options, and customer assistance programs.

Positive

• Acquisition adds approximately 8,200 customer connections in Indiana
• Around 5,300 new customers and eight employees join Indiana American Water
• Regulatory approvals completed on May 21, 2026, closing on June 1, 2026
• Expands presence in Merrillville, Lakes of the Four Seasons, and Roselawn
• New customers gain access to MyWater portal and assistance programs
• Part of broader Nexus Water Group acquisition in eight U.S. states

Negative

• None.

Argus Jun 2 session

+2.11% close to close 1.2x rel. volume Open Argus

Details

News Market Reaction – AWK

On Jun 2, the first trading day after this news, AWK closed 2.11% above the previous close.

Data tracked by StockTitan Argus for the Jun 2 session.

Key Figures

Customer connections acquired: approximately 8,200 New customers referenced: 5,300 Employees added: approximately 8 +4 more

Customer connections acquired

approximately 8,200

Community Utilities of Indiana systems acquisition

New customers referenced

5,300

President’s quote on customers served post-acquisition

Employees added

approximately 8

Community Utilities of Indiana employees joining operations

States in Nexus deal

8 states

Scope of Nexus Water Group systems agreement announced May 19, 2025

Agreement announcement date

May 19, 2025

Initial agreement to acquire Nexus Water Group systems

Regulatory approvals date

May 21, 2026

State and governmental approvals finalized

Acquisition close date

June 1, 2026

American Water completed purchase of Indiana systems

Historical Context

5 past events · Latest: May 28

5 events

1. May 28

   Water quality reports

   24h Move

   -1.2%

   Iowa water quality reports show standards met for regulated substances.

2. May 26

   Training facility opening

   24h Move

   -1.1%

   New West Virginia training facility to support workforce and reliability.

3. May 21

   Water quality reports

   24h Move

   +1.2%

   Illinois reports confirm standards and outline lead line replacement spend.

4. May 21

   Community grants

   24h Move

   +1.2%

   New Jersey firefighter and EMS grants for safety and equipment.

5. May 20

   Capex plans

   24h Move

   -0.8%

   Plan for $277M of California water and wastewater infrastructure investment.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

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GREENWOOD, Ind., June 1, 2026 /PRNewswire/ -- Indiana American Water, a subsidiary of American Water Works Company, Inc. (NYSE: AWK), the largest regulated water and wastewater utility company in the U.S. announced today the completion of its acquisition of Community Utilities of Indiana water and wastewater systems in Indiana from Nexus Regulated Utilities, LLC, a subsidiary of Nexus Water Group, Inc. ("Nexus Water Group").

The acquisition adds approximately 8,200 customer connections to Indiana American Water's footprint, serving communities including Merrillville, Lakes of the Four Seasons, and Roselawn. Additionally, Indiana American Water is welcoming to its operations approximately eight employees from Community Utilities of Indiana who have proudly provided water and wastewater service to these customers.

"On behalf of our entire team at Indiana American Water, we are delighted to welcome our new customers and new employees to the Indiana American Water family," said Barry Suits, President of Indiana American Water. "We look forward to serving our 5,300 new customers and helping to ensure a smooth transition by relying on the expertise of local employees who know these operations best. Our team is committed to providing safe, clean, reliable, and affordable water and wastewater services to the communities we serve."

On May 19, 2025, American Water announced its agreement to acquire Nexus Water Group systems in eight states across the U.S., highlighting benefits for customers and demonstrating the company's successful implementation of its core growth strategy as it creates value for customers, employees, and shareholders.

Approvals by applicable state regulatory commissions and governmental entities were finalized on May 21, 2026, and American Water completed the purchase on June 1, 2026.

Indiana American Water is committed to ensuring a seamless transition for its new customers, who will receive additional information in the mail in the coming weeks. The information is also available now on a new, dedicated webpage on the company's website under Customer Service and Billing.

New customers will be able to take advantage of Indiana American Water's robust customer service benefits, including its online account management portal, MyWater, as well as flexible payment options and customer assistance programs for qualifying customers needing help paying their bills.

About American Water
American Water (NYSE: AWK) is the largest regulated water and wastewater utility company in the United States. With a history dating back to 1886 and celebrating 140 years in 2026, We Keep Life Flowing® by providing safe, clean, reliable and affordable drinking water and wastewater services to approximately 14 million people with regulated operations in 14 states and on 18 military installations. American Water's approximately 7,000 talented professionals leverage their significant expertise and the company's national size and scale to achieve excellent outcomes for the benefit of customers, employees, investors and other stakeholders.

For more information, visit amwater.com and join American Water on LinkedIn, Facebook, X and Instagram.

About Indiana American Water
Indiana American Water, a subsidiary of American Water, is the largest regulated water utility in the state, providing safe, clean, reliable, and affordable water and wastewater services to approximately 1.4 million people.

Cautionary Statement Concerning Forward-Looking Statements
Certain statements in this press release are forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements relate to, among other things, anticipated capital investments and the ability to achieve certain benefits, synergies and goals relating to the acquired operations. These statements are based on the current expectations of management of American Water. There are a number of risks and uncertainties that could cause actual results to differ materially from these forward-looking statements, including with respect to (1) the occurrence, in whole or in part, of the plans, benefits and synergies expected or predicted to occur as a result of the acquisition; (2) unexpected costs, liabilities or delays associated with the integration of the acquired operations; (3) regulatory, legislative, local or municipal actions affecting the water and wastewater industries, which could adversely affect American Water; and (4) other economic, business and other factors. Forward-looking statements are not guarantees or assurances of future performance or results, and American Water does not undertake any duty to update any forward-looking statement. The foregoing factors should not be considered to be exclusive.

View original content to download multimedia:https://www.prnewswire.com/news-releases/indiana-american-water-completes-purchase-of-community-utilities-of-indianas-water-and-wastewater-systems-part-of-nexus-water-group-systems-302787531.html

SOURCE American Water

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did American Water (AWK) announce about Indiana American Water on June 1, 2026?

American Water announced that Indiana American Water completed its purchase of Community Utilities of Indiana’s water and wastewater systems. According to American Water, the deal closed on June 1, 2026 after receiving all required regulatory and governmental approvals on May 21, 2026.

How many new customers does Indiana American Water gain from the Community Utilities of Indiana acquisition?

Indiana American Water expects to add about 5,300 new customers and 8,200 customer connections through this acquisition. According to the company, these customers are located in communities such as Merrillville, Lakes of the Four Seasons, and Roselawn across Indiana.

How does the Community Utilities of Indiana deal fit into American Water (AWK) and Nexus Water Group’s multi-state transaction?

The Indiana transaction is part of American Water’s broader agreement to acquire Nexus Water Group systems in eight states. According to American Water, this strategy is intended to support its regulated growth model and create value for customers, employees, and shareholders over time.

When were regulatory approvals completed for American Water’s purchase of Community Utilities of Indiana systems?

Regulatory and governmental approvals for the acquisition were finalized on May 21, 2026. According to American Water, this clearance enabled Indiana American Water to close the purchase of Community Utilities of Indiana’s water and wastewater systems on June 1, 2026.

What new services will Community Utilities of Indiana customers receive after joining Indiana American Water (AWK)?

Newly acquired customers will gain access to Indiana American Water’s MyWater online account management portal and flexible payment options. According to the company, qualifying customers may also benefit from customer assistance programs designed to help those needing support paying their water and wastewater bills.

Will Community Utilities of Indiana employees transition to Indiana American Water after the acquisition?

Approximately eight Community Utilities of Indiana employees are expected to join Indiana American Water’s operations. According to the company, these local employees bring detailed knowledge of the acquired systems and are intended to help ensure a smooth transition for new water and wastewater customers.