BRYN MAWR, PA - Aqua America, Inc. announced that its Pennsylvania subsidiary has completed its merger of the Honesdale Consolidated Water Company which serves approximately 6,000 people within portions of Honesdale Borough and Texas Township, Wayne County in a transaction valued at $6.7 million.

"We are pleased to have expanded our footprint in Wayne County, Pennsylvania, and this acquisition represents another in our pipeline of growth opportunities that continue to produce meaningful acquisitions and expand our customer base in both the water and wastewater utility arenas," said Aqua America Chairman and CEO Nicholas DeBenedictis.

Aqua Pennsylvania will use HCWC's office in Honesdale Borough as the operations headquarters for its Northeast Pennsylvania Division, which services Aqua's community water and wastewater systems throughout Pike, Wayne, Monroe and Lackawanna counties.

Aqua America is a publicly traded water and wastewater utility holding company with operating subsidiaries serving approximately three million people in Pennsylvania, New York, Ohio, North Carolina, Illinois, Texas, Florida, New Jersey, Indiana, Virginia, Maine, Missouri and South Carolina. Aqua America is listed on both the New York and Philadelphia Stock Exchanges under the ticker symbol WTR.