BRYN MAWR, Pa., Jan. 4, 2016 -- Aqua America, Inc. (NYSE: WTR) announced that its first 2016 acquisition, completed by its Pennsylvania subsidiary, adds 3,868 customer connections from Superior Water Company, Inc. in southeastern Pennsylvania. Aqua’s purchase comprises five water systems that serve approximately 11,000 people in parts of Berks, Chester and Montgomery counties.
“I’m pleased to welcome these customers to the Aqua family,” said Aqua America President and CEO Christopher Franklin. “Aqua has a long history of dedicated service to the residents of this region, and I know our newest customers will come to find what our current customers already know – we are committed to providing safe water, reliable service, and infrastructure investments for our current customers and generations to come.”
Aqua America subsidiaries completed 16 acquisitions in 2015 adding 10,588 customer connections to their customer base.
Aqua America is one of the largest U.S.-based, publicly traded water utilities and serves nearly 3 million people in Pennsylvania, Ohio, North Carolina, Illinois, Texas, New Jersey, Indiana and Virginia. Aqua America is listed on the New York Stock Exchange under the ticker symbol WTR. Visit AquaAmerica.com for more information.
*Note: Fox Rothschild LLP served as legal advisors to Aqua America in this transaction. Spector Gadon & Rosen, P.C. served as legal advisors to Superior Water Company and its shareholders.
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, among others: the company’s ability to invest capital, receive governmental approval of the transition and close the acquisition. There are important factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements including: general economic business conditions; the company’s ability to acquire other systems of similar size and scope, the successful integration of the customers, employees and the facility; and other factors discussed in our Annual Report on Form 10-K, which is on file with the Securities and Exchange Commission. For more 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 otherwise.
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