Riley Group Holdings, Inc. Launches to Acquire and Operate Essential Service Businesses Across the Gulf South
Riley Group Holdings
Apr 23, 2026

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American Water Works Company has acquired Essential Utilities, a water wastewater business in Kentucky, for $X. Essential Utilities provides regulated drinking water and wastewater services and also operates natural gas operations under Aqua and Peoples brands, serving millions of customers across multiple states. American Water Works Company acquisitions expand its regulated water wastewater footprint and customer base, supporting industrials M&A and KY acquisitions tied to utility infrastructure and service reliability. The merger acquisition is an all-stock strategic acquisition announced in 2025, approved by the Kentucky Public Service Commission, and expected to close by the end of Q1 2027 subject to customary regulatory clearances including Hart-Scott-Rodino.
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