American Water Works Agrees to Acquire Nexus Water Group Systems in Eight States for $315 Million
American Water Works Company, Inc., the largest regulated water and wastewater utility company in the U.S., has announced an agreement to purchase multiple water and wastewater systems from Nexus Regulated Utilities, LLC, a subsidiary of Nexus Water Group, Inc. The acquisition, valued at approximately $315 million, will expand American Water's footprint in eight states: Illinois, Indiana, Kentucky, Maryland, New Jersey, Pennsylvania, Tennessee, and Virginia. This move is expected to add nearly 47,000 customer connections. The transaction is subject to regulatory approvals and other customary conditions, with an estimated closing by or before August 2026. Both companies are committed to ensuring a seamless transition for customers and employees.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. American Water Works Co. Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20250519975285) on May 19, 2025, and is solely responsible for the information contained therein.
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