Aqua America Spends $12 Million on First-Half 2013 Acquisitions

Aqua America Inc. (WTR), the second-largest water utility in the U.S. by market value, spent more than $12 million on seven acquisitions in the first six months of this year.

The utility purchased systems in Pennsylvania, North Carolina and Virginia, according to a statement today from Bryn Mawr, Pennsylvania-based Aqua America. The utility serves about 3 million residents in nine states.

“Our growth-through-acquisition strategy is continuing to fill in our footprint in key growth areas,” Aqua America Chief Executive Officer Nicholas DeBenedictis said in the statement.

American Water Works Co. is the largest U.S. water utility.

To contact the reporter on this story: Justin Doom in New York at

To contact the editor responsible for this story: Randall Hackley at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.