Aqua America Lands Big Fish in Wastewater
On 17 September 2019, Aqua America Inc. announced that its subsidiary, Aqua Pennsylvania Wastewater, signed an asset purchase agreement with the Delaware County Regional Water Quality Control Authority (DELCORA). The acquisition includes the municipal authority’s wastewater assets for US$276.5 million . The DELCORA transaction represents the largest recorded for a stand-alone wastewater treatment system in Pennsylvania, let alone the U.S. (since 2015.)
In this Research Note, Bluefield analyzes Aqua’s new position in Pennsylvania’s highly competitive market, where Aqua stands in comparison to its largest competitor, American Water, and opportunities in the IOU landscape.