American Water has agreed to purchase water and wastewater systems in eight states from Nexus Regulated Utilities LLC, the Camden-based utility announced May 19. 

The approximately $315 million deal with the subsidiary of Texas-based Nexus Water Group Inc. is subject to regulatory approval by the states’ public utility commissions, as well as other customary closing conditions, American Water said. 

The acquisition, expected to close by August 2026, would add nearly 47,000 customer connections within American Water’s existing footprint in: 

• Illinois 
• Indiana 
• Kentucky 
• Maryland 
• New Jersey 
• Pennsylvania 
• Tennessee 
• Virginia 

“American Water is excited about this announced transaction as it is good for customers and another example of the execution of our core growth strategy,” American Water CEO John Griffith said in statement. 

Griffith took the helm of the utility company May 14 following M. Susan Hardwick’s retirement. In the personnel move announcement, American Water credited Hardwick with overseeing the company’s more than 100 acquisitions across 12 regulated states.

American Water also said it would offer positions to about 70 employees of Nexus Water Group affiliates as part of the deal.  

Nexus Water Group President and CEO Rob MacLean said the move would allow the company “to focus on a smaller core geography.” 

According to its website, Nexus Water Group serves 20 states and Canada. In New Jersey, its Montague Sewer & Water Co. business unit serves commercial and residential customers in Montague Township.

Founded in 1886, American Water is the largest regulated water and wastewater utility company in the U.S.