Pennsylvania American Water Completes Purchase of Community Utilities of Pennsylvania Systems, Part of Nexus Water Group Systems
American Water (NYSE: AWK) announced that subsidiary Pennsylvania American Water completed the purchase of Community Utilities of Pennsylvania’s three water and three wastewater systems from Nexus Water Group.
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Rhea-AI Summary
American Water (NYSE: AWK) announced that subsidiary Pennsylvania American Water completed the purchase of Community Utilities of Pennsylvania’s three water and three wastewater systems from Nexus Water Group. The deal adds about 3,300 water and 4,000 wastewater customer connections and 10 employees.
Regulatory approvals were finalized on May 21, 2026, and the purchase closed on June 1, 2026. New customers gain access to the MyWater online portal, flexible payment options, and customer assistance programs.
Positive
- Acquisition adds about 3,300 water and 4,000 wastewater customer connections in Pennsylvania
- Ten experienced local employees join Pennsylvania American Water operations
- Regulatory approvals for the transaction were finalized on May 21, 2026
- Purchase of Nexus Water Group’s Pennsylvania systems closed on June 1, 2026
- New customers gain access to MyWater portal, flexible payments and assistance programs
Negative
- None.
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 water connections
- 3,300 connections
- Community Utilities of Pennsylvania water systems acquired
- Customer wastewater connections
- 4,000 connections
- Community Utilities of Pennsylvania wastewater systems acquired
- Transferred employees
- 10 employees
- Employees moving from Community Utilities of Pennsylvania to Pennsylvania American Water
- States in Nexus deal
- 8 states
- Nexus Water Group systems acquisition footprint announced May 19, 2025
- Senior notes issuance
- $500 million
- 4.625% Senior Notes due 2029 issued by American Water Capital Corp.
- Senior notes coupon
- 4.625%
- Coupon on Senior Notes due 2029
- Net proceeds (8-K)
- $498.0 million
- Net proceeds from 4.625% Senior Notes due 2029 (8-K disclosure)
- Net proceeds (424B2)
- $496.9 million
- Expected net proceeds from 4.625% Senior Notes due 2029 (424B2)
Historical Context
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Illinois reports confirm standards met for about 1.3M people and outline investments.
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NJ volunteer fire and EMS departments share about $50,000 in 2026 grants.
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California American Water highlights approximately $277M planned 2026 infrastructure spend.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
AI-generated analysis. How Rhea-AI works. Not financial advice.
The acquisition adds approximately 3,300 water and 4,000 wastewater customer connections to Pennsylvania American Water's footprint. Additionally, Pennsylvania American Water is welcoming to its operations 10 employees from Community Utilities of
"On behalf of our entire team, we are delighted to welcome our new customers and new employees to the Pennsylvania American Water family," said President Justin Ladner. "We look forward to serving our 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
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.
Pennsylvania 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 Pennsylvania 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 Pennsylvania American Water
Pennsylvania American Water, a subsidiary of American Water, is the largest regulated water utility in the state with approximately 1,200 dedicated employees working to provide safe, clean, reliable and affordable water and wastewater services to approximately 2.5 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.
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SOURCE American Water
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