BRYN MAWR, Pa.--(BUSINESS WIRE)--
Aqua America, Inc. (NYSE: WTR) announced today that its New Jersey
subsidiary, Aqua New Jersey, acquired the assets of the Spartan Village
water and wastewater systems from Spartan Village, Inc. for $1, with
plans to invest approximately $375,000 for upgrades to distribution
pipes, meters and the wastewater plant. The systems serve approximately
650 people in North Hanover Township and Wrightstown Borough, both in
Burlington County where Aqua New Jersey currently serves three other
communities.
The transactions bring the number of regulated acquisitions Aqua America
subsidiaries have completed this year to 13.
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.
This release contains forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995. 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; housing and customer
growth trends; the success of growth initiatives; the successful
integration of the acquisition into the Company; the successful upgrade
to distribution pipes, meters and plants, 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
Aqua America, Inc.
Donna Alston
Manager, Communications
O:
610.645.1095
M: 484.368.4720
DPAlston@AquaAmerica.com
or
Brian
Dingerdissen
Director, Investor Relations
O: 610.645.1191
BJDingerdissen@AquaAmerica.com
Source: Aqua America, Inc.
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