Tuesday, January 02, 2007

Aqua Closes NY Water Service Deal

Philadelphia Business Journal:

Aqua America Inc. said Tuesday that its Aqua New York Inc. subsidiary has closed on a nearly $51 million acquisition announced last May.

Aqua New York acquired New York Water Service Corp. from Utilities & Industries Corp. for $27.4 million in cash and the assumption of $23.5 million in debt.