Aqua America Acquires 3 Treatment Systems
Aqua America's operating subsidiaries in Texas and Indiana have collectively acquired three water and wastewater systems for $260,000, according to a July 15 announcement.
Aqua Texas, Inc. purchased the assets of the Spring Hill Water Company and Holiday Estates water system in two separate transactions totaling $125,000. The Spring Hill Water Company, which Aqua has operated since 1998, serves nearly 500 residents in the Krum and Ponder areas of Denton County, Texas, located in the midst of a high-growth area known as the Alliance Corridor. Aqua also recently acquired the Holiday Estates water system, which serves more than 200 residents on Lake Tawakoni in Hunt County in eastern Texas. In the near term, Aqua plans to install new radio-frequency water meters for customers in both systems. Aqua Texas provides water and wastewater service to more than 175,000 people throughout the state.
Aqua Indiana, Inc. acquired Heir Industries, Inc., a wastewater utility providing service to approximately 300 residents near Borden in Clark County, Indiana for $135,000. The system was first developed in 1972 to serve the Southern Hills Subdivision, and a new 40,000 gallon per day treatment facility was constructed in 1996, which has capacity to serve nearby planned residential developments. Aqua Indiana provides water and wastewater service to 110,000 people throughout the state.
Aqua America is a publicly traded water and wastewater utility holding company with operating subsidiaries serving approximately 3 million people in Pennsylvania, New York, Ohio, North Carolina, Illinois, Texas, Florida, New Jersey, Indiana, Virginia, Maine, Missouri, and South Carolina.