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March 12, 2019
How water and gas convergence may create opportunities for utilities
The biggest transaction of the Americas power and utilities sector in Q4 2018 was Aqua America’s announced acquisition of Pittsburgh-based Peoples, a regulated natural gas distribution company. The deal – set to complete in mid-2019 – is a game-changer for the sector and demonstrates a new type of sector convergence in the US. EY Global Power & Utilities Transaction Advisory Services Leader, Miles Huq spoke to Aqua’s CFO Dan Schuller about how the deal is value-accretive and why he expects cross-sector acquisitions to grow in prevalence in the future.