Aqua America Completes Three Acqusitions in 2Q
July 07 2016 - 8:30AM
Business Wire
Aqua America, Inc. (NYSE: WTR) announced today that its
subsidiaries completed three acquisitions during the second quarter
of 2016,
- Crystal Clear Water Company, Inc.
serves 293 customer connections in unincorporated McHenry County,
Illinois, adjacent to the City of Crystal Lake. The system was
acquired under the provisions of the Illinois Water Systems
Viability Act 98-0213, a law that promotes the acquisition of
smaller, troubled utilities by larger, more efficient
utilities.
- Assets acquired from Byram Homeowners
Association Water Company, Inc. serve 151 customer connections in a
portion of Byram Township, Sussex County, New Jersey.
- Twin Cedars public water system serves
30 customer connections in Caroline County, Virginia.
In total, Aqua America’s subsidiaries have completed 10
acquisitions with a total of 5,395 customer connections this
year.
“Our ongoing role in the further consolidation of the U.S. water
and wastewater market and the role we continue to play in helping
to solve the nation’s aging infrastructure issues are exciting,”
said Christopher Franklin, Aqua America’s president and CEO. “We
are confident that our work with investor-owned and municipal
utilities will accelerate as the need for infrastructure
replacement and expansion continues to grow.”
Aqua America is one of the largest U.S.-based, publicly traded
water utilities and serves nearly 3 million people in Pennsylvania,
Ohio, North Carolina, Illinois, Texas, New Jersey, Indiana and
Virginia. Aqua America is listed on the New York Stock Exchange
under the ticker symbol WTR. Visit AquaAmerica.com for more
information.
This release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995,
including, among others: the company’s role in the need for
infrastructure replacement and expansion. There are important
factors that could cause actual results to differ materially from
those expressed or implied by such forward-looking statements
including: the company’s ability to work with local officials and
residents to improve facilities to provide better service and
increased reliability; and other factors discussed in our Annual
Report on Form 10-K, which is on file with the Securities and
Exchange Commission. For more information regarding risks and
uncertainties associated with Aqua America’s business, please refer
to Aqua America’s annual, quarterly and other SEC filings. Aqua
America is not under any obligation — and expressly disclaims any
such obligation — to update or alter its forward-looking statements
whether as a result of new information, future events or
otherwise.
WTRF
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version on businesswire.com: http://www.businesswire.com/news/home/20160707005325/en/
Aqua America, Inc.Donna AlstonManager, CommunicationsO:
610-645-1095M: 484-368-4720DPAlston@AquaAmerica.comorBrian
DingerdissenInvestor RelationsO:
610-645-1191BJDingerdissen@AquaAmerica.com
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