Aqua America Subs Purchase One Wastewater and Three Water Systems
Aqua America Subs Purchase One Wastewater and Three Water Systems
March 4, 2005
Aqua America Subs Purchase One Wastewater and Three Water Systems BRYN MAWR, Pa.--(BUSINESS WIRE)--March 4, 2005--Aqua America Inc. (NYSE:WTR) announced today that its New Jersey subsidiary, Aqua New Jersey, Inc., recently purchased the water and wastewater system assets of Hanover Village for approximately $180,000.
Hanover Village serves approximately 300 residents in North Hanover Township, Burlington County. The system is adjacent to Deep Well Terrace, which the company acquired two years ago.
In Ohio, the company's Ohio subsidiary purchased Norlick Place Water System, which serves 345 residents in Center Township, Williams County for a cost of $120,000.
Also, the company's Missouri subsidiary purchased the water system assets of LTA Water Company for $25,000. This system serves nearly 300 residents in Branson, Taney County.
"Acquisitions like Hanover Village, Norlick Place and LTA are an important part of our growth-through-acquisition strategy," said Aqua America Chairman Nicholas DeBenedictis.
Aqua America is the largest U.S.-based publicly-traded water utility serving more than 2.5 million residents in Pennsylvania, Ohio, Illinois, Texas, New Jersey, Indiana, Virginia, Florida, North Carolina, Maine, Missouri, New York and South Carolina. Aqua America is listed on the New York and Philadelphia Stock Exchanges under the ticker symbol WTR.
CONTACT:
Aqua America Inc.
Donna Alston, 610-645-1095
dpalston@aquaamerica.com
or
Chery Hansen, 610-645-1084
clhansen@aquaamerica.com
SOURCE: Aqua America Inc.
Hanover Village serves approximately 300 residents in North Hanover Township, Burlington County. The system is adjacent to Deep Well Terrace, which the company acquired two years ago.
In Ohio, the company's Ohio subsidiary purchased Norlick Place Water System, which serves 345 residents in Center Township, Williams County for a cost of $120,000.
Also, the company's Missouri subsidiary purchased the water system assets of LTA Water Company for $25,000. This system serves nearly 300 residents in Branson, Taney County.
"Acquisitions like Hanover Village, Norlick Place and LTA are an important part of our growth-through-acquisition strategy," said Aqua America Chairman Nicholas DeBenedictis.
Aqua America is the largest U.S.-based publicly-traded water utility serving more than 2.5 million residents in Pennsylvania, Ohio, Illinois, Texas, New Jersey, Indiana, Virginia, Florida, North Carolina, Maine, Missouri, New York and South Carolina. Aqua America is listed on the New York and Philadelphia Stock Exchanges under the ticker symbol WTR.
CONTACT:
Aqua America Inc.
Donna Alston, 610-645-1095
dpalston@aquaamerica.com
or
Chery Hansen, 610-645-1084
clhansen@aquaamerica.com
SOURCE: Aqua America Inc.