This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Aqua America’s Texas And Illinois Subsidiaries Acquire Water And Wastewater Systems

Stocks in this article: WTR

Aqua America, Inc. (NYSE: WTR) announced today that its Texas and Illinois subsidiaries have acquired three water systems and a wastewater system. Aqua America completed a total of 18 acquisitions in 2012.

In December, Aqua Texas, Inc. acquired the assets of Wingert Water Systems, Inc., which is projected at build-out to serve about 3,000 residents in five subdivisions in Comal County. The purchase price was approximately $1.89 million. Aqua Texas will operate the system through its Wimberley office in Hays County. Also in December, Aqua Texas acquired the assets of Royal Oaks Water System, Inc. The system serves about 120 residents in the Royal Oaks subdivision in Kerr County, and Aqua Texas will operate it from its Kerrville office. The purchase price was $40,000. Both the Wingert and Royal Oaks systems are located a short distance from other Aqua Texas systems.

In November, Aqua Illinois, Inc. acquired the wastewater collection assets of the Village of Bourbonnais’ Tri Star Estates for $455,000. The system provides wastewater service to about 1,300 residents. Aqua Illinois already owns and operates the water system that serves Tri Star Estates, which is located within the company’s existing Kankakee service area. Also in November, Aqua Illinois purchased the water assets of the Moecherville Water District in Aurora Township in Kane County for $1.4 million. The system provides water service to about 1,100 residents. Aqua Illinois will operate the system from its Northern Illinois Division.

“These newly acquired systems are near customers already served by Aqua in Texas and Illinois, and they provide a natural extension of our footprint in both states,” said Aqua America Chairman and CEO Nicholas DeBenedictis. “We look forward to providing our new customers with quality water and reliable water and wastewater service.”

DeBenedictis said that Aqua America continues to focus its utility operations in states that have a positive regulatory and business climate that enables the company to make the capital investments necessary to deliver quality water and reliable service to customers, while providing the opportunity to earn an adequate return on that investment for shareholders.

1 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs