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Aqua America Makes Second East Coast Area Deal of Year

March 31 (Bloomberg) -- Aqua America Inc., the second-largest publicly traded water company in the U.S. after American Water Works Co., purchased the Penn Township wastewater system in Chester County.

The Bryn Mawr, Pennsylvania-based company, which said the Pennsylvania deal and planned infrastructure improvements would total about $5.7 million, earlier this year bought four water and wastewater systems through its unit in Virginia.

The company’s Illinois subsidiary also announced plans today for $30.1 million in capital investments this year to improve drinking water and wastewater infrastructure in the state, much of it in Kankakee County.

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

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

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