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BRYN MAWR, Pa. — Aqua America, Inc.’s Pennsylvania subsidiary, Aqua Pennsylvania, Inc., has acquired the water and wastewater system assets of Total Environmental Solutions, Inc., for $1.5 million.
The systems will be operated by Aqua''s White Haven Division, which currently provides water and wastewater service to about 20,000 people including those in many Luzerne County municipalities. The acquisition is the latest for the company, which has completed more than 200 acquisitions and growth ventures over the last decade.
"The Beech Mountain community is an example of a tuck-in acquisition, which fits nicely into our existing service territory, which already includes customers in Butler and Dennison townships," said Aqua America Chairman and CEO Nicholas DeBenedictis. "We are looking forward to adding the Beech Mountain customers to those we already serve in the area and providing them with quality water and reliable water and wastewater service."