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Article: Aqua America Acquires Lawrenceville Water System.
- Article from:
- Energy Weekly News
- Article date:
- August 28, 2009
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Aqua America, Inc. (NYSE: WTR) announced that it has acquired the Lawrenceville Water Company, which serves nearly 8,000 people in Lawrence Township, New Jersey in a stock transaction valued at $3.3 million including the assumption of $400,000 of debt. The system will be operated and managed by its New Jersey subsidiary, Aqua New Jersey, Inc.
Lawrenceville is the fourteenth acquisition for Aqua America companies this year. It is located in central New Jersey, equal distance between Princeton and the state capitol of Trenton, and is also the home of the renowned Lawrenceville Prep School.
"This is an opportune acquisition for our New Jersey operations as ...
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