Essential Utilities / Aqua Pennsylvania Acquires Lower Makefield Township Wastewater System

March 4, 2022

Essential Utilities' Aqua Pennsylvania subsidiary acquired the wastewater system of Lower Makefield Township (Bucks County, PA) for $53 million, adding roughly 11,000 customer connections and pushing Aqua Pennsylvania's total customer connections above 500,000. Aqua Pennsylvania plans about $10 million of infrastructure investment in the system over the first 10 years and the transaction represents a sale of municipal wastewater assets by Lower Makefield Township.

Buyers
Essential Utilities Inc., Aqua Pennsylvania
Targets
Lower Makefield Township wastewater system
Sellers
Lower Makefield Township
Industry
Utilities
Location
Pennsylvania, United States
Transaction Type
Divestiture

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