Essential Utilities’ Aqua Pennsylvania Subsidiary Acquires Shenandoah Water System
Jul 27, 2023•over 2 years ago
Acquiring Company
Denominator
Acquired Company
Shenandoah Water System
Description
Essential Utilities Inc. (NYSE: WTRG) today announced its Aqua Pennsylvania subsidiary completed the purchase of the Municipal Authority of the Borough of Shenandoah (MABS) water system for $12 million. MABS serves approximately 3,000 customers in Schuylkill County, PA.
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
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Success factor
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