Aqua America closes $4.5B gas acquisition, renames itself ‘Essential’

After closing on its $4.3 billion aquisition of Pittsburgh-area gas company Peoples on Thursday, water utility Aqua America said it isn’t just taking on a new market — it’s adopting a new name.

The Bryn Mawr-based company said it will become Essential Utilities Inc. on Feb.3 with Peoples operating as its subsidiary. Aqua (NYSE: WTR) announced the deal to acquire Peoples, which is made up of Peoples Natural Gas Co. LLC, Peoples Gas Co. LLC and Delta Natural Gas Co. Inc., in October 2018. It initially…

share:

more energy news

Send Us A Message