Aqua America: A Deal Making Machine in 2013

July 8, 2013 09:30 by Clayton Reeves in M&A, Utilities, Water  //  Tags: , , , , ,   //   Comments (0)
Aqua America announced last week that it has completed acquisitions of seven water and wastewater utility systems through June of this year This includes three in NC, three in PA, and one in VA. In PA, Aqua Pennsylvania (Aqua America's PA subsidiary) acquired Total Environmental Solutions, Inc., (TESI) for $11.8 million.  TESI serves roughly 6,000 customers on both the water and wastewater side. The remaining acquisitions account for roughly 1500 people.  The assets in NC were deemed "troubled" by state regulators, and Aqua America expects to invest roughly $500,000 in their restoration. Read more about Aqua America's acquisition spree here.

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