Aqua America Acquires Water Systems in Indiana, Texas

Aug. 3, 2009
Acquisitions for Aqua Texas and Aqua Indiana total $260,000

Aqua America, Inc., Bryn Mawr, Pa., announced that its Texas and Indiana operating subsidiaries have acquired a total of three water and wastewater systems for $260,000.

In two separate transactions totaling $125,000, Aqua Texas, Inc. purchased the assets of the Spring Hill Water Co., which serves nearly 500 residents in the Krum and Ponder areas of Denton County, Texas, and the Holiday Estates water system, which serves more than 200 residents on Lake Tawakoni in Hunt County.

Aqua Indiana, Inc. acquired Heir Industries, Inc., a wastewater utility providing service to approximately 300 residents near the Town of Borden in Clark County, Ind., for $135,000.

Source: Environmental Business Journal