Essential Utilities’ Aqua Illinois Subsidiary Acquires Village Of Bourbonnais Assets
Sep 14, 2021•over 4 years ago
Acquiring Company
Aqua Illinois Subsidiary
Acquired Company
Assets
Description
Essential Utilities Inc. (NYSE: WTRG) today announced that its Aqua Illinois subsidiary has acquired the wastewater system of the Village of Bourbonnais, which serves approximately 6,500 customer connections in Kankakee County, Ill., for $32.1 million.
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
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