Aqua America, Inc. (NYSE: WTR) announced that its first 2016
acquisition, completed by its Pennsylvania subsidiary, adds 3,868
customer connections from Superior Water Company, Inc. in southeastern
Pennsylvania. Aqua’s purchase comprises five water systems that serve
approximately 11,000 people in parts of Berks, Chester and Montgomery
counties.
“I’m pleased to welcome these customers to the Aqua family,” said Aqua
America President and CEO Christopher Franklin. “Aqua has a long history
of dedicated service to the residents of this region, and I know our
newest customers will come to find what our current customers already
know – we are committed to providing safe water, reliable service, and
infrastructure investments for our current customers and generations to
come.”
Aqua America subsidiaries completed 16 acquisitions in 2015 adding
10,588 customer connections to their customer base.
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.
*Note: Fox Rothschild LLP served as legal advisors to Aqua America in
this transaction. Spector Gadon & Rosen, P.C. served as legal advisors
to Superior Water Company and its shareholders.
This release contains forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995, including, among
others: the company’s ability to invest capital, receive governmental
approval of the transition and close the acquisition. There are
important factors that could cause actual results to differ materially
from those expressed or implied by such forward-looking statements
including: general economic business conditions; the company’s ability
to acquire other systems of similar size and scope, the successful
integration of the customers, employees and the facility; 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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