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Aqua America's Pennsylvania Subsidiary Acquires Municipal Water Authority System Assets

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Aqua America, Inc. (NYSE: WTR) announced today that its Pennsylvania subsidiary, Aqua Pennsylvania, Inc. (Aqua), has acquired the assets of the Mifflin Township Water Authority which serves approximately 1,500 residents in Mifflin Township, Columbia County for $1.114 million.

The Authority was a party to a Consent Order and Agreement (COA) with the Pennsylvania Department of Environmental Protection (DEP) concerning corrective actions to reduce water loss and unaccounted-for water. Aqua Pennsylvania and DEP will enter into a COA that will also address corrective action work and leak detection to reduce the unaccounted-for water.

Posted-In: News M&A

 

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