Aqua America Inc. (WTR:US), the second-largest U.S. water utility by market value, bought a community water system in Pennsylvania for $3.4 million.
The utility purchased the water assets from Bristol Township, about 20 miles (32 kilometers) northeast of Philadelphia, Aqua America said today in a statement. The system serves about 1,300 residents and 175 businesses.
The acquisition is Bryn Mawr, Pennsylvania-based Aqua America’s eighth this year, according to the statement.
American Water Works Co. is the largest U.S. water utility.
To contact the reporter on this story: Justin Doom in New York at email@example.com
To contact the editor responsible for this story: Randall Hackley at firstname.lastname@example.org