Aqua America’s Pennsylvania Subsidiary Acquires Superior Water Company
January 04 2016 - 8:30AM
Business Wire
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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version on businesswire.com: http://www.businesswire.com/news/home/20160104005364/en/
Aqua America, Inc.Donna Alston, 610-645-1095Mobile:
484-368-4720Manager, CommunicationsDPAlston@AquaAmerica.comorBrian
Dingerdissen, 610-645-1191Director, Investor
RelationsBJDingerdissen@AquaAmerica.com
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