Aqua America Subsidiary Purchases Water System.BRYN MAWR, Pa. -- Aqua America Inc. (NYSE NYSE See: New York Stock Exchange :WTR WTR Water WTR Writer WTR Wait To Restore WTR Wireless Technology Research WTR Walker, Texas Ranger (TV show) WTR Western Test Range WTR With-The-Rule Astigmatism WTR Working Time Regulation (UK) ) announced today that its Texas subsidiary, Aqua Texas, Inc., has purchased the water system at the Saddlewood Estates development in Kerrville, Texas, for a cost of approximately $352,000. This system will be operated out of Aqua Texas' Kerrville office. The system currently serves 200 residents, and infrastructure is in place to serve an additional 250 residents upon the development's completion. "This is the company's first acquisition of 2005, and it demonstrates the growth potential in our new Southern operations," said Aqua America Chairman and Chief Executive Officer Nicholas DeBenedictis. "The Texas water system acquisition comes on the heels of a successful 2004 where the company completed 29 acquisitions." 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 North Carolina, state in the SE United States. It is bordered by the Atlantic Ocean (E), South Carolina and Georgia (S), Tennessee (W), and Virginia (N). Facts and Figures Area, 52,586 sq mi (136,198 sq km). Pop. , Maine, Missouri, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of and South Carolina South Carolina, state of the SE United States. It is bordered by North Carolina (N), the Atlantic Ocean (SE), and Georgia (SW). Facts and Figures Area, 31,055 sq mi (80,432 sq km). Pop. (2000) 4,012,012, a 15. . Aqua America is listed on the New York and Philadelphia Stock Exchanges under the ticker symbol WTR. The company has been dedicated to the preservation and improvement of the environment throughout its history which spans more than 100 years. |
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