Aqua Texas acquired the assets of Canyon Springs Water Company, which currently serves approximately 1,200 people in Comal County, Texas for $650,000. The community is composed of three subdivisions, the build-out of which is expected to double the current occupancy.
Aqua Pennsylvania’s wastewater company purchased the wastewater utility assets of Stony Creek Farms in Montgomery County. The community is currently under construction with 60 of 209 units completed. At build-out, Aqua Pennsylvania expects to provide service to approximately 600 people.
Nicholas DeBenedictis, chairman and CEO of Aqua America, said: “Both the Texas and Pennsylvania acquisitions help fill out our footprint in areas we serve nearby.
“We look forward to bringing our professional management and technical expertise to these communities and providing them with quality water in the case of Canyon Springs and reliable service for both systems.”
