Aqua America PA Subsidiary Acquires Athens Township Authority Assets as Part of Public-Private Partnership

Aqua America, Inc. (Aqua) announced that its Pennsylvania subsidiary, Aqua Pennsylvania, Inc., has acquired the assets of the Athens Township Authority in Bradford County, which will enable Aqua to complete a public-private partnership that will include approximately $1 million of additional transmission main being contributed by the local economic development agency, the potential for additional customers outside of those already served by the Authority, the revenues from a bulk water sales contract to a new distribution center being built across the state border in New York, and a 20-year professional services agreement.

Aqua Pennsylvania paid $70,000 for the assets,...

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