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American Water closes on Pivotal purchase

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American Water Works Co. closed on its $363.7 million cash acquisition of Pivotal Home Solutions from Southern Company Gas on Monday.

American Water (NYSE: AWK) is the largest publicly traded U.S. water and wastewater utility.

Based in Naperville, Ill., Pivotal Home Solutions is a home warranty business operating in 18 states. It joins American Water’s Homeowner Services Group organization, maintaining the Pivotal name and operations in Naperville.

American Water’s Homeowner Services Group operates in 43 states and Washington, D.C., and currently services more than 1.8 million contracts, not including those served by Pivotal Home Solutions.

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Carl DiOrio

Carl DiOrio

Carl DiOrio is the managing editor for NJBIZ. You can reach him at cdiorio@njbiz.com

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