Aqua America Expands Via Organic & Inorganic Initiatives
Zacks Investment Research | Jan 23, 2019 10:09PM ET
Aqua America Inc. (NYSE:WTR) continues to expand its operations through organic and inorganic ways. In 2018, this water and wastewater service provider added 13,600 new customers to the existing customer base of more than 3 million people through five completed municipal acquisitions. Aqua America has successfully integrated the acquired assets with its existing operations.
Acquisitions — A Must in Water Space
The U.S. water and wastewater service space in highly fragmented. Massive infrastructural investments are required to upgrade and maintain the water utilities, as old and soiled water pipelines are quickly nearing their effective service life. An Environment Protection Agency (EPA) report projects that capital investment of $682.4 billion will be needed to upgrade drinking water and wastewater projects.
It is quite difficult for small water utility operators to make large investment for replacing, as well as upgrading old and soiled assets. Therefore, consolidation is the need of the hour in the fragmented U.S. water utility space. Consolidation will enable big utilities to make the necessary infrastructure overhauls that have become imperative for the Original post
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