American Water Agrees to Purchase Nexus Water Group Systems in Eight States

American Water Works Company, Inc., one of the largest regulated water and wastewater utility companies in the U.S., announced that it has agreed with Nexus Regulated Utilities, LLC, a subsidiary of Nexus Water Group, Inc., to purchase multiple water and wastewater systems located in eight states for a total of approximately USD315 million, subject to adjustment as provided for in the purchase and sale agreement.

American Water is excited about this announced transaction as it is good for customers and another example of the execution of our core growth strategy.

John Griffith, President and CEO of American Water

Based on current connection counts, the acquisition would add nearly 47,000 customer connections within American Water’s existing footprint in Illinois, Indiana, Kentucky, Maryland, New Jersey, Pennsylvania, Tennessee and Virginia.

“Through this transaction, we will grow in eight of our existing regulated states and leverage our scale and size to deliver safe, clean, reliable and affordable water and wastewater services to nearly 47,000 new customer connections. Additionally, we believe this expansion will lead to even more growth in those states as communities continue to look for water and wastewater solutions,” added Griffith.

The transaction will require regulatory approval by the state public utility commissions in applicable states, as well as other customary approvals from other governmental entities, and both American Water and Nexus Water Group are committed to working together to ensure that the transition will be seamless for customers after the acquisition and beyond. American Water is also committed to offering employment to the approximately 70 employees of Nexus Water Group affiliates who proudly provide water and wastewater service in these areas.

Nexus Water Group is committed to driving sustained growth and value through our long-term strategy. This agreement with American Water will allow Nexus Water Group to focus on a smaller core geography where we are better poised to grow and efficiently serve our customers. The sale also supports continued professional growth for our local employees in these areas.

Nexus Water Group President and CEO Rob MacLean

The completion of the transaction is also subject to the satisfaction or waiver of various conditions, including the receipt of all required regulatory approvals and other customary closing conditions. The estimated closing will take place by or before August 2026.

About American Water
American Water is one of the largest regulated water and wastewater utility companies in the United States. With a history dating back to 1886, We Keep Life Flowing® by providing safe, clean, reliable and affordable drinking water and wastewater services to more than 14 million people with regulated operations in 14 states and on 18 military installations. American Water’s 6,700 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.