Four water, wastewater systems in NC, VA bought by Aqua America
BRYN MAWR, PA, May 20, 2011 -- Aqua America's North Carolina and Virginia subsidiaries have purchased water and wastewater systems in their respective states...
Aqua North Carolina bought the water and wastewater system assets serving approximately 400 people in Colvard Farms Subdivision for $184,000. Colvard Farms Subdivision, located in Chatham County, is approximately 25 miles from the Company's Cary Operations Center.
Aqua Virginia purchased the water system assets of the Brookwood Manor public water system, which serves approximately 225 people in New Kent County for $50,000 and the Cedarbrooke Subdivision public water system, which serves approximately 150 people in Culpeper County for $50,000.
Both systems are slated for capital additions including treatment system improvements and the installation of a radio frequency metering system.