Pennichuck to acquire water systems in Bow and Windham, NH

Jan. 12, 2004
Pennichuck Corp. announced the signing of purchase and sales agreements to acquire community water systems in Bow and Windham, New Hampshire.

NASHUA, N.H., Jan. 12, 2004 -- Pennichuck Corp. announced the signing of purchase and sales agreements to acquire community water systems in Bow and Windham, New Hampshire.

White Rock Senior Living Community in Bow serves about 400 people in a residential community setting. "We are very pleased that the town of Bow has recognized Pennichuck as one of the best professional water companies to own and operate this system," said Bernie Rousseau, vice president of sales for Pennichuck.

With the acquisition of Lamplighter Village, a residential community serving about 200 customers, Pennichuck will own and operate six water systems in Windham, serving more than 1,800 customers. Pennichuck will assume complete ownership of the two systems upon completion of the water system construction.

19 New Water Service Contracts

Pennichuck also announced that it secured 19 new water service contracts in 2003, bringing to 68 the number of contract customers it services throughout southern New Hampshire.

Pennichuck is the certified operator for a variety of customers including several schools, day care centers, businesses, condominium associations, health care centers and residential communities. Many such organizations have turned to Pennichuck water services because drinking water standards have become more regulated, making compliance an increasingly complicated and costly proposition.

"The Wright Farm Condominium Association is pleased to be working with Pennichuck as our certified operator. Pennichuck has been very responsive and provides professional service," said Daniel Thorn, a member of the Wright Farm Master Board in Atkinson.

Certified by the New Hampshire Department of Environmental Service (NHDES) and Massachusetts Department of Environmental Protection, Pennichuck offers monthly service contracts that include certification, regular sample collecting, laboratory testing, and reporting, as well as monitoring wellhead pumps, motors, electrical equipment, piping and metering.

The company also provides professional expertise for handling water quality and treatment solutions, system improvements and repairs, Phase 2 and Phase 5 waivers, and funding applications. "If one of our systems has an emergency, our skilled help responds 24 hours a day, 7 days a week," said Rousseau. "The expansion of our services in communities throughout New Hampshire is a sign that our customers recognize Pennichuck's commitment to quality, affordable service."

Pennichuck Corporation is a holding company located in Nashua, New Hampshire with three wholly owned operating subsidiaries involved in regulated water supply and distribution in Nashua and towns throughout southern and central New Hampshire; non-regulated, water-related services conducted through Pennichuck Water Service Company; and real estate management and development activities conducted through The Southwood Corporation.

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