Aqua America Completes Seven Acquisitions, Adds More Than 4,700 Customer Connections in Q1
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Superior Water Company, Inc. is comprised of five water systems that serve 3,868 customer connections (approximately 11,000 people) in parts ofBerks ,Chester andMontgomery counties in southeasternPennsylvania -
The Galena wastewater system serves 123 wastewater connections
(approximately 400 people) near
Greenville inFloyd County, Indiana . -
The Eastwood Manor Water Company and theNunda Utility Company inMcHenry County, Illinois collectively serve 525 customer connections and approximately 1,600 people. Both systems were acquired under the provisions of the Illinois Water Systems Viability Act 98-0213, a law that promotes the acquisition of smaller, often troubled utilities by larger, more efficient utilities. -
The water and wastewater utility assets of
Golf Greenwood Gardens Improvement Association each serve 72 customer connections located in unincorporatedCook County , within Aqua Illinois' existingNorth Maine Utility's certificated area. -
The Clear Meadow water system in the
Mint Hill area ofMecklenburg County, North Carolina serves 62 customer connections.
"We welcome our new customers in these four states," said Executive Vice
President for Strategy and Corporate Development
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 in these systems. There
are important factors that could cause actual results to differ
materially from those expressed or implied by such forward-looking
statements including: the successful integration of the customers and
the facilities; the company's ability to execute capital improvements to
ensure compliance with state and federal environmental regulations;and
other factors discussed in our Annual Report on Form 10-K, which is on
file with the
WTRF
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Manager, Communications
O:
610-645-1095
M: 484-368-4720
DPAlston@AquaAmerica.com
or
Investor Relations
O: 610-645-1191
BJDingerdissen@AquaAmerica.com
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