Essential Utilities Inc. announced that its Aqua Pennsylvania subsidiary has acquired the wastewater system of Lower Makefield Township, which serves approximately 11,000 customer connections in townships throughout Pa., for $53 million.
The acquisition brings Aqua Pennsylvania’s total number of customer connections to more than 500,000.
Lower Makefield is the first acquisition completed by Essential’s regulated water segment in 2022. The company currently has seven additional signed purchase agreements for water and wastewater systems, which have a total purchase price of more than $418 million and represent approximately 224,000 retail customers or dwelling units.
“The Aqua Pennsylvania team and I are committed to delivering excellent customer service to the residents of Lower Makefield Township and are already hard at work preparing to provide quality wastewater services to the community,” said Marc Lucca, Aqua Pennsylvania’s president. “Our plans include investing $10 million in infrastructure improvements to the wastewater system in the first 10 years, which will improve services and avoid the environment impact from sanitary sewer overflows.”
“In addition to the investment we will make to ensure the reliability of their wastewater system, through the Essential Foundation, we are also proud to make a meaningful donation to the Lower Makefield Township Community Foundation, which supports environmental sustainability through its contributions to stream cleanups and tree-planting as well as other community needs,” said Essential Utilities’ chairman and CEO, Christopher Franklin. “We look forward to continuing our work in the Lower Makefield community and building strong relationships with our customers.”
Aqua Pennsylvania serves approximately 1.5 million people in 32 counties throughout the Commonwealth of Pennsylvania.
