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Announced

Completed

Essential Utilities-backed Aqua Pennsylvania Wastewater completed the acquisition of Municipal Wastewater Assets of East Whiteland Township for $55m.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

Domestic

Completed

Majority

Friendly

United States

Wastewater services

Acquisition

business services

Environmental / Waste Management

Single Bidder

Synopsis

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Essential Utilities-backed Aqua Pennsylvania Wastewater, a private water and wastewater services company, completed the acquisition of Municipal Wastewater Assets of East Whiteland Township, a wastewater system, for $55m. “It’s particularly pleasing to be entrusted with the wastewater assets of East Whiteland Township, a municipality for which we’ve provided water service for years. Our excellent water service in the East Whiteland community brought important credibility to our offer to handle wastewater service in the township. We look forward to serving both water and wastewater customers throughout the township in the future,” Chris Franklin, Essential Chairman and CEO.

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