A subsidiary of Aqua America Inc. agreed to acquire the city of Campbell's water treatment plant and distribution system in Ohio for $7.5 million.
"Purchasing private and municipally owned systems is about more than growth. It allows us to do our part to strengthen water and wastewater infrastructure in the communities we serve, something that's vitally important for the future," said Aqua America Chairman and CEO Christopher Franklin in an Aug. 5 statement.
The system serves approximately 3,200 connections. Aqua America plans to invest an estimated $4.3 million in the water system to enhance water quality, reliability, and regulatory and environmental standards.
The deal is expected to close in late 2019 upon approval by the Public Utilities Commission of Ohio.