Aqua America (WTR) to Acquire Wastewater Assets for $276.5M

https://finance.yahoo.com/news/aqua-america-wtr-acquire-wastewater-120412267.html

Aqua America Inc. WTR announced that it has entered into an agreement with the Delaware County Regional Water Quality Control Authority to acquire the municipal authority’s wastewater assets for $276.5 million. The closure of the transaction is subject to approval by the Pennsylvania Public Utility Commission.

This acquisition will add nearly 165,000 retail customers to Aqua America’s customer base that includes retail, commercial and industrial customers, along with large wholesale agreements with municipal authorities. Per the agreement, the company will also get 168 miles of combined and separate sewer mains, 14 miles of large-diameter force mains, and a 50-million gallon-per-day wastewater treatment plant that serves the western part of its service territory.