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Aqua America Buys Water System in Pennsylvania for $3.4 Million

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Aug. 1 (Bloomberg) -- Aqua America Inc., the second-largest U.S. water utility by market value, bought a community water system in Pennsylvania for $3.4 million.

The utility purchased the water assets from Bristol Township, about 20 miles (32 kilometers) northeast of Philadelphia, Aqua America said today in a statement. The system serves about 1,300 residents and 175 businesses.

The acquisition is Bryn Mawr, Pennsylvania-based Aqua America’s eighth this year, according to 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 jdoom1@bloomberg.net

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

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