BRYN MAWR, Pa.--(BUSINESS WIRE)--
Aqua America, Inc. (NYSE: WTR) announced today that its North Carolina
subsidiary has acquired the water system assets of Hubquarter Forestry,
LLC, in Carteret County, North Carolina for $25,000. The water system
serves approximately 125 people in the Harkers Village development on
Harkers Island. At full build-out, the system will serve a total of
about 200 people.
Harkers Village is the eighth acquisition completed by Aqua America's
regulated subsidiaries this year. Aqua will operate the system from its
coastal regional office in Hampstead, North Carolina.
Aqua America Chairman and CEO Nicholas DeBenedictis said this latest
purchase reinforces Aqua's growth-through-acquisition strategy and fits
nicely into Aqua's service footprint along North Carolina's Crystal
Coast. "Aqua has the technical expertise and resources necessary to
serve communities like Harkers Village, and we're positioned well to
continue to grow in North Carolina — already our third-largest state."
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, such as Aqua
America's ability to successfully continue its
growth-through-acquisition strategy. 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; 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.
Brian Dingerdissen
O: 610-645-1191
BJDingerdissen@AquaAmerica.com
or
Gretchen
Toner
O: 610-645-1175
M: 484-368-4816
GMToner@AquaAmerica.com
Source: Aqua America, Inc.
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