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.
- Targets
- Lower Makefield Township wastewater system
- Sellers
- Lower Makefield Township
- Industry
- Utilities
- Location
- Pennsylvania, United States
- Transaction Type
- Divestiture
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