Aqua America Pennsylvania Subsidiary Acquires Bristol Township Water System
BRYN MAWR, Pa.--(BUSINESS WIRE)--
Aqua America, Inc. (NYSE: WTR) announced today that its Pennsylvania
subsidiary has acquired the water assets of a community water system
from Bristol Township that serves approximately 1,300 residents and 175
businesses in the Newportville-Ferguson area of the township for $3.4
Aqua Pennsylvania, Inc. has served a part of Bristol Township since it
acquired the Bristol Borough water system in 1996, which also served a
portion of Bristol and Bensalem townships.
Aqua America Chairman and CEO Nicholas DeBenedictis said "We've served
the majority of the Bristol area for nearly 20 years now and with two
treatment facilities and an expansive distribution system in lower Bucks
County, this acquisition makes perfect sense for Aqua and the township."
The acquisition is the eighth for Aqua America subsidiaries this year.
Aqua America is one of the largest U.S.-based, publicly-traded water
utilities and serves almost 3 million residents in Pennsylvania, Ohio,
North Carolina, Illinois, Texas, New Jersey, Indiana, Virginia, Florida
and Georgia. Aqua America is listed on the New York Stock Exchange under
the ticker symbol WTR. Visit www.aquaamerica.com
for more information.
This release contains forward-looking statements within the meaning of
The Private Securities Litigation Reform Act of 1995. These
forward-looking statements are made based upon Aqua America's current
expectations and assumptions with respect to, among other things, its
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 its ability to successfully
integrate the acquired property into its existing operations and rates,
its ability to recover capital expenditures in rates, and other key
factors that we have indicated that could adversely affect our business
and financial performance and that are discussed in our Annual Report on
Form 10-K for the fiscal year ended December 31, 2012, which is on file
with the Securities and Exchange Commission. For further 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
Aqua America, Inc.
Manager, Strategic Communications
Source: Aqua America, Inc.
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