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Aqua America reported seven acquisitions in Illinois, Indiana, North Carolina, and Pennsylvania during the first quarter of 2016. These deals mark an increase in M&A activity, as the firm closed 14 deals over the entirety of 2015. American Water continues to challenge the firm in its Pennsylvania stronghold, scoring a major deal with the acquisition of Scranton’s sewer system.
- States address system valuation, rate cases to enable private investment.
- Aqua America remains reliant on core growth.
- Rival American Water challenges PA position, pursues non-regulated revenue.