Aqua America Subsidiary Purchases Pennsylvania Water and Wastewater Systems.
In total, these acquisitions add approximately 3,000 residents to Aqua's customer base in Black Creek and Hazle townships, Luzerne County and in North Union and East Union townships (including the Village of Oneida), Schuylkill County.
"Eagle Rock is a growing resort community that attracts not only Pennsylvania residents, but New York residents as well," said Nicholas DeBenedictis, Aqua America's Chairman and CEO.
Acquisitions like Eagle Rock play an important role in the company's growth-through-acquisition strategy. "The purchase of these types of systems often lead to additional growth opportunities by expanding our local service territory and putting us in the strategic position to serve other nearby systems," said DeBenedictis.
These acquisitions bring to 10 the number Aqua Pennsylvania has completed this year. Collectively, Aqua America subsidiaries have completed 14 acquisitions in 2004.
Aqua America is the largest U.S.-based publicly-traded water utility serving approximately 2.5 million residents in Pennsylvania, Ohio, Illinois, Texas, New Jersey, Indiana, Virginia, Florida, North Carolina, Maine, Missouri, New York, South Carolina and Kentucky. Aqua America is listed on both the New York and Philadelphia Stock Exchanges under the ticker symbol WTR. The company has been committed to the preservation and improvement of the environment throughout its history, which spans more than 100 years.
|Printer friendly Cite/link Email Feedback|
|Date:||Jun 25, 2004|
|Previous Article:||DOBI Medical International To Display ComfortScan System at 23rd International Congress of Radiology in Montreal, Quebec.|
|Next Article:||WJ Communications RF Design Engineer to Receive the 2004 H.A. Wheeler Applications Prize Paper Award.|