Business Wire 13-Jan-2017 12:32 PM
BRYN MAWR, Pa.--(BUSINESS WIRE)-- Aqua America, Inc. (NYSE: WTR) announced today that its growth efforts have provided the opportunity to serve approximately 25,000 more people with safe and reliable water and wastewater service. This equates to 6,558 more water and wastewater connections, which resulted from 19 acquisitions in 2016. Two of nine completed in the fourth quarter were Pennsylvania municipal systems.
The companys fourth quarter growth activity included the following transactions:
We are pleased to report that 2016 acquisitions, plus organic growth, added 1.6 percent to our customer base, said Christopher Franklin, Aqua Americas president and CEO. While we are pleased to meet the overall customer growth expectations we set for 2016, we anticipate acquiring larger systems going forward. Our focus today is on municipal water and wastewater systems with 2,500 to 25,000 customers. We look forward to opportunities where we can apply our operations, technical and service expertise to benefit more customers and communities.
Aqua America is one of the largest U.S.-based, publicly traded water utilities and serves nearly 3 million people in Pennsylvania, Ohio, North Carolina, Illinois, Texas, New Jersey, Indiana and Virginia. Aqua America is listed on the New York Stock Exchange under the ticker symbol WTR. Visit AquaAmerica.com for more information.
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, among others: the Companys ability to grow its customer base by acquiring larger systems. There are important factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements including the factors discussed in our Annual Report on Form 10-K, which is on file with the Securities and Exchange Commission. For more information regarding risks and uncertainties associated with Aqua Americas business, please refer to Aqua Americas annual, quarterly and other SEC filings. Aqua America is not under any obligation and expressly disclaims any such obligation to update or alter its forward-looking statements whether as a result of new information, future events or otherwise.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170113005552/en/
Source: Aqua America, Inc.
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