Aqua America units buy one wastewater, three water systems

Aqua America Inc. units recently acquired the water and wastewater system of Hanover Village, N.J., for approximately $180,000; the Norlick Place, Ohio, water system for $120,000; and the water system of LTA Water Co., in Branson, Mo., for $25,000...

BRYN MAWR, PA, March 4, 2005 (BUSINESS WIRE) -- Aqua America Inc.'s New Jersey subsidiary, Aqua New Jersey Inc., recently purchased the water and wastewater system assets of Hanover Village for approximately $180,000.

Hanover Village serves approximately 300 residents in North Hanover Township, Burlington County, N.J. The system is adjacent to Deep Well Terrace, which the company acquired two years ago.

In Ohio, the company's Ohio subsidiary purchased Norlick Place Water System, which serves 345 residents in Center Township, Williams County, Ohio, for $120,000.

Also, the company's Missouri subsidiary purchased the water system assets of LTA Water Co. for $25,000. This system serves nearly 300 residents in Branson, Taney County, Mo.

Aqua America (www.aquaamerica.com) is the largest U.S.-based publicly-traded water utility serving more than 2.5 million residents in Pennsylvania, Ohio, Illinois, Texas, New Jersey, Indiana, Virginia, Florida, North Carolina, Maine, Missouri, New York and South Carolina.

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