Aqua America

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Aqua America
Type Public (NYSEWTR)
Industry Water Services
Founded 1968
Headquarters Bryn Mawr, Pennsylvania
Revenue IncreaseUS$671M (FY 2009)[1]
Net income IncreaseUS$104M (FY 2009)[1]
Total assets IncreaseUS$3.76B (FY 2009)[2]
Total equity IncreaseUS$1.11B (FY 2009)[2]
Website www.aquaamerica.com

Aqua America is a utility company servicing over 2.8 million residential customers in Pennsylvania, Ohio, Illinois, Texas, New Jersey, Indiana, Virginia, Florida, and North Carolina.[3]

Acquisitions[edit]

Though the company began in Pennsylvania and remains headquartered in Bryn Mawr, over the past five years the company has purchased smaller private utilities across the 12 states, gradually extending southward.[3] Such acquisition comprises the bulk of Aqua America's stated business model.[4] Acquisitions of large private companies included the purchases of AquaSource in 2003, Heater and Florida Water Services in 2004, and the New York Water Service Corporation in 2007.

The company's largest subsidiary is Aqua Pennsylvania, which has been a part of Aqua America since 1996 and accounts for slightly more than half of 2007 operating revenue and provides water services to 50% of the company's total customer base. Aqua Pennsylvania operates in the greater urban and suburban Philadelphia area.[5]

See also[edit]

Aqua America at Wikinvest

References[edit]