Water Utility M&A Approval Times Point to Consolidation Hurdles

7 Sep 2024
Available with corporate subscription

Through the first half of 2024, Bluefield’s quarterly analyses have revealed a significant spike in utility acquisition approval times in the U.S.—from the initial application to the final approval by a utility commission. The national average acquisition approval time has jumped to a record high of 382 days, increasing each year since 2021.

In this Research Note:

  • Diverging state-level trends highlight opportunities, challenges of utility consolidation
  • North Carolina, California take regulatory action to streamline processes
  • Municipal buyers outpace private buyers in approval speed

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