Aqua America Sells Remaining Florida Assets for $36.8 Million

Aqua America Inc. (WTR), the second-largest U.S. water utility by market value, sold its remaining assets in Florida to Sarasota County for $36.8 million.

The system serves about 12,000 customers, Bryn Mawr, Pennsylvania-based Aqua America said today in a statement. The company sold the majority of its Florida systems in March and now has operations in eight states: Illinois, Indiana, New Jersey, North Carolina, Ohio, Pennsylvania, Texas and Virginia.

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

To contact the reporter on this story: Justin Doom in New York at jdoom1@bloomberg.net

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

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