Aqua Pennsylvania Closes Purchase of East Bradford Wastewater System
AQUA AMERICA (WTR)
Last aqua america earnings: 11/4 05:35 pm
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ir.aquaamerica.com/investor-relations
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Source: Business Wire
BRYN MAWR, Pa.--(BUSINESS WIRE)-- Aqua America Inc. (NYSE: WTR) announced today that its Pennsylvania subsidiary acquired the nearly 1,250-connection wastewater assets of East Bradford Township, Chester County for $5 million, marking Aqua Pennsylvania’s second acquisition to close under fair market valuation legislation, which encourages consolidation in a fragmented water and wastewater industry and allows resources to be shared among a larger service area. Aqua Chairman and CEO Christopher Franklin firmly believes these aspects benefit customers. “Our acquisition of East Bradford is another example of how Act 12 can help a municipality ensure its residents have professional and reliable wastewater service into the future, while reaping the benefit of a fair price for its assets for their community,” said Franklin. Aqua Pennsylvania President Marc Lucca looks forward to adding waste
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