Aqua America subsidiary acquires Clarendon water system

May 4, 2009
Aqua America's Pennsylvania subsidiary has completed the acquisition of the Clarendon Water Company, which serves approximately 1,200 residents, for $400,000...

BRYN MAWR, PA, May 4, 2009 -- Aqua America Inc. announced today that its Pennsylvania subsidiary, Aqua Pennsylvania Inc., has completed the acquisition of the Clarendon Water Company (Clarendon), which serves approximately 1,200 residents in Clarendon Borough and Meade Township in Warren County, Pennsylvania for $400,000.

Clarendon will be Aqua's first operation in Warren County, although it is just 20 miles north of Aqua's Marienville operation in adjacent Forest County. Like Marienville, it will be operated out of Aqua's Shenango Division also in western Pennsylvania.

"The Clarendon Water Company is a great addition to our Shenango operations, said Aqua America Chairman and CEO Nicholas DeBenedictis. "In addition to providing a base for potential expansion in another county, its proximity to our existing operations affords us economies of scale to ensure continued operating efficiency." DeBenedictis added that the company has plans to invest approximately $380,000 over the next five years to make improvements to the source of supply and the distribution system, and to replace meters.

Clarendon is the third system acquisition completed by Aqua America's Pennsylvania subsidiary this year.

Aqua America is a publicly traded water and wastewater utility holding company with operating subsidiaries serving approximately three million people in Pennsylvania, Ohio, North Carolina, Illinois, Texas, New Jersey, New York, Florida, Indiana, Virginia, Maine, Missouri and South Carolina.

###

Sponsored Recommendations

ArmorBlock 5000: Boost Automation Efficiency

April 25, 2024
Discover the transformative benefits of leveraging a scalable On-Machine I/O to improve flexibility, enhance reliability and streamline operations.

Rising Cyber Threats and the Impact on Risk and Resiliency Operations

April 25, 2024
The world of manufacturing is changing, and Generative AI is one of the many change agents. The 2024 State of Smart Manufacturing Report takes a deep dive into how Generative ...

State of Smart Manufacturing Report Series

April 25, 2024
The world of manufacturing is changing, and Generative AI is one of the many change agents. The 2024 State of Smart Manufacturing Report takes a deep dive into how Generative ...

SmartSights WIN-911 Alarm Notification Software Enables Faster Response

March 15, 2024
Alarm notification software enables faster response for customers, keeping production on track