Aqua America Subsidiary Acquires North Carolina Water Systems

Aqua America Inc. (WTR), a water and wastewater service provider, said today that its North Carolina unit purchased the water system assets of Fox Run Water Co. and Moseley-Nash Enterprises, its second acquisition this month.

The $175,000 deal for 12 water systems by the Bryn Mawr, Pennsylvania-based company, which has 3 million customers in 10 U.S. states from Texas to New Jersey, comes three weeks after adding 26 water systems for $400,000 in the Lake Gaston area of southern Virgnia near the North Carolina border.

Aqua America reported record second-quarter earnings last month, buoyed by an 11 percent increase in revenue and an Ohio acquisition. The shares have risen 13 percent the past year.

To contact the reporter on this story: Randall Hackley in Zurich at rhackley@bloomberg.net

To contact the editor responsible for this story: Randall Hackley at rhackley@bloomberg.net

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