IOU Acquisition Trends: States & Buyers to Watch and Deal Drivers

Charlie Suse’s year-end analysis of investor owned utilities has revealed a stabilization of M&A activity among IOUs, with a notable decrease in 2022 compared to the previous year. During this time period, Texas has emerged as a major hub for such acquisitions, and there was a significant rise in fair market value (FMV) deals, indicating a streamlining of the regulatory process.

Key questions asked, include:

• What were the most active states for IOU acquisitions in 2022?

• Who were the most aggressive buyers in the IOU space in 2022?

• How are FMV policies impacting the characteristics of IOU deals?

• Can you tell us about the community in Arizona that has lost its water supply and how it relates to investor-owned utilities?

Reese Tisdale is joined by Private Water Analyst Charlie Suse to break down investor-owned utility M&A trends and opportunities in the water sector.

Related Research & Analysis

• U.S. Private Water: Key Trends, M&A Activity, and Market Outlook, Q1 2023
• Investor-Owned Water Utilities: M&A, Market Share, and Competitive Strategies