# American Water and Essential Utilities to merge in all-stock deal

American Water Works Company and Essential Utilities have agreed to merge in an all-stock, tax-free transaction, creating a combined regulated water and wastewater utility with a pro forma market capitalization of approximately $40 billion and enterprise value of $63 billion.

- Type: Acquisition
- Announced: 2025-10-27
- Where: United States
- Status: announced
- Products: water and wastewater services
- Sectors: [Water Treatment Equipment](https://endata.com/sectors/water-treatment-equipment.md)

## Companies

- [American Water Works Company](https://endata.com/companies/33041.md)
- [Essential Utilities](https://endata.com/companies/88071.md) (target)

## Sources

- [ir.amwater.com](https://ir.amwater.com/news-and-events/financial-releases/financial-release-details/2025/American-Water-and-Essential-Utilities-to-Merge-as-a-Leading-Regulated-U-S--Water-and-Wastewater-Utility/default.aspx), 2025-10-27: "This combination brings together two industry leaders united by our shared mission to provide safe, clean, reliable and affordable water and wastewater services to our customers."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.