nyse wtr industry water services founded 1886 headquarters bryn mawr pennsylvania key people christopher h. franklin ceo revenue us 671m fy 2009 1 net income us 104m fy 2009 1 total assets us 3.76 b fy 2009 2 total equity us 1.11 b fy 2009 2 number of employees 1700 website www.aquaamerica.com aqua america is a water and wastewater utility company that serves about 3 million people in pennsylvania ohio north carolina illinois texas new jersey indiana and virginia . 3 the company provides drinking water and wastewater treatment infrastructure and services . 4 the company began in pennsylvania and remains headquartered in bryn mawr . contents 1 history 2 acquisitions 3 subsidiaries 4 see also 5 references history edit the company began january 4 1886 by the founding of the springfield water company . the company changed its name to the philadelphia suburban water company psw . by 1925 the company provided water to 58 municipalities . 5 the company was incorporated in 1989 . 6 the current ceo christopher h. franklin took his position in 2015 . 7 the company partners with penn virginia operating subsidiaries to provide water to hydraulic fracturing operations in the marcellus shale formation . the company commits to transitioning its pennsylvania vehicle fleet to compressed natural gas cng within five years . 8 acquisitions edit in the united states many water utilities remain publicly owned . water was supplied by 55 000 separate water systems in 2006 . 9 however us and global companies have business models which involve the privatization of utilities to achieve profitability from economy of scale . additionally cash strapped municipalities see benefit to selling their water supply assets . 10 from 1993 to 2013 aqua america completed 300 acquisitions . 11 in recent years the company has purchased smaller private utilities across the 12 states gradually extending southward . 3 such acquisition comprises the bulk of aqua america s stated business model . 12 in january 1998 aqua america then known as the philadelphia suburban water company psw purchased the west chester pa municipal water utility assets . 13 acquisitions of large private companies included the purchases of aquasource in 2003 heater and florida water services in 2004 and the new york water service corporation in 2007 . 14 15 16 17 subsidiaries edit the company s largest subsidiary is aqua pennsylvania which has been a part of aqua america since 1996 and accounts for slightly more than half of 2007 operating revenue and provides water services to 50 % of the company s total customer base . aqua pennsylvania operates in the greater urban and suburban philadelphia area . 18 the non utility subsidiary aqua resources inc. is not regulated . 4 they provide operations and maintenance contracts liquid waste hauling and water and wastewater system maintenance and repair . 6 see also edit aqua america at wikinvest pennsylvania public utility commission references edit a b aqua america wtr annual sec income statement filing via wikinvest . a b aqua america wtr annual sec balance sheet filing via wikinvest . a b aqua america about us page a b aqua america acquires water systems in ohio and north carolina . www.businesswire.com . 7 jan 2015 . retrieved 26 jan 2015 . history . www.aquaamerica.com . retrieved 26 jan 2015 . a b company overview of aqua resources inc. . http www.bloomberg.com . retrieved 26 jan 2015 . external link in website help www.aquaamerica.com aqua america chairman cites water energy nexus at ceo growth council s energy hub conference . finance.yahoo.com . dec 5 2014 . retrieved 26 jan 2015 . christopher c. williams oct 16 2006 . the lure of liquid assets . http online.barrons.com . retrieved 26 jan 2015 . external link in website help mike esterl jun 26 2006 . u.s. water privatizations fail to pan out . www.post gazette.com . retrieved 26 jan 2015 . aqua america ceo on improving the u.s. water utility infrastructure . video.foxbusiness.com . feb 25 2013 . retrieved 26 jan 2015 . wtr 2007 10 k acquisitions and water sale agreements page 6 form 10 q may 15 1998 . http ir.aquaamerica.com . retrieved 26 jan 2015 . external link in website help philadelphia suburban corporation psc acquires aquasource water and wastewater utilities now operating in 15 states . aqua america inc. retrieved 2015 05 23 . philadelphia suburban corporation to acquire allete s water and wastewater utilities in north carolina . aqua america inc. retrieved 2015 05 23 . aqua america buys 63 fla. water works . philadelphia business journal . retrieved 2015 05 23 . aqua america to acquire new york water service corporation ; valued at 51 million acquisition expected to be immediately accretive . aqua america inc. retrieved 2015 05 23 . wtr 2007 10 k business the company page 4 v t e philadelphia area corporations including the delaware valley list of companies based in the philadelphia area philadelphia based fortune 500 corporations rank in the 2015 list comcast 43 aramark 207 crown holdings 318 delaware valley based fortune 500 corporations rank in the 2015 list amerisourcebergen 16 dupont 87 lincoln national 223 universal health services 324 campbell soup 342 ugi 349 burlington stores inc. 500 other notable philadelphia based businesses amoroso s beneficial bank chemtura day & zimmermann fmc corporation independence blue cross pennsylvania real estate investment trust pep boys philadelphia media network radian group urban outfitters notable philadelphia based professional partnerships ballard spahr blank rome cozen o connor dechert drinker biddle & reath duane morris morgan lewis & bockius pepper hamilton saul ewing white and williams other notable delaware valley based businesses actua corporation airgas alliedbarton ametek aqua america asplundh bentley systems brandywine realty trust boscov s carpenter technology cephalon chemours christiana care health system crozer keystone health system david s bridal epam systems enersys hamilton lane liberty property trust penn mutual penn national gaming rita s italian ice sei investments slm sungard susquehanna international group vanguard toll brothers triumph group unisys viropharma vishay intertechnology vwr wawa wilmington trust w. l. gore and associates wsfs bank notable delaware valley based us headquarters of foreign businesses aberdeen asset management ace agustawestland astrazeneca delaware investments glaxosmithkline ing group keystone foods sap america siemens medical shire pharmaceuticals subaru teva pharmacueticals td bank notable delaware valley based division headquarters of us corporations acme cerberus capital management centocor johnson & johnson colonial penn conseco delmarva power exelon gsi commerce ebay hercules ashland mab paints sherwin williams mcneil laboratories j & j neoware hewlett packard peco exelon qvc liberty media rohm and haas dow chemical sunoco energy transfer tasty baking flowers foods retrieved from https en.wikipedia.org w index.php title aqua america & oldid 737332066 categories companies listed on the new york stock exchangewater companies of the united statescompanies based in pennsylvaniahidden categories cs1 errors external links navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages espa olsvenska edit links this page was last modified on 2 september 2016 at 02 57 . text is available under the creative commons attribution sharealike license ; 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