U.S. Investor Owned Water Utilities: M&A Deals and Trends, Year-End 2017
In 2017, the water industry completed more than US$2.11 billion of investor-owned utility (IOU) acquisitions — across 90 deals. Another 65 pending deals worth US$308 million are still awaiting regulatory approval.
This represents a US$1.5 billion increase in deal values over 2016. 2017 was the strongest year, within the timeframe of Bluefield’s four-year analysis in terms of deal flow, total transaction values and number of customers added, all of which have been steadily increasing over the years.
2017 highlights include:
- EverSource Energy purchased Aquarion Energy for US$1.7 billion.
- American Water’s US$159 million acquisition of the McKeesport wastewater system
- NW Natural made two utility acquisitions
- The City of Missoula, Montana re-municipalized its water system