Southern Co. subsidiary Southern Co. Gas completed the sale of home warranty services provider Pivotal Home Solutions to American Water Works Co. Inc. for about $364 million, including estimated working capital, according to a June 4 SEC filing.
Pivotal Home Solutions serves about 1.2 million customers in 18 states, providing coverage for home appliances, heating and cooling systems and lines in and around a home. The deal was executed through American Water Works' subsidiary American Water Enterprises LLC.
American Water Works is the largest U.S. publicly traded water and wastewater utility company, serving about 15 million customers in 46 states and in Ontario.
