Camden-based American Water Works Co. and Bryn Mawr-based Essential Utilities Inc. announced plans to merge in an all-stock deal that would create a $40 billion water and utilities giant serving nearly 20 million customers in 17 states. The merger, expected to close in early 2027, will operate under the American Water name and remain headquartered in Camden. The combined company, with an enterprise value of $63 billion and nearly 10,000 employees, will be one of the largest publicly traded firms in the Philadelphia region. American Water shareholders will own about 69% of the new company, while Essential Utilities shareholders will hold 31%. The merger is not expected to affect customer rates. For southeastern Pennsylvania — home to Essential’s Aqua (water) and Peoples (natural gas) subsidiaries — the deal could reshape the region’s utility landscape, potentially influencing future water system acquisitions and infrastructure investments. American Water CEO John Griffith will lead the merged company, with Essential CEO Christopher Franklin serving as vice chair.
Source: Philadelphia Business Journal; 10/26/2025