A faceoff between the country’s two largest publicly traded water utilities in Philadelphia’s suburbs is over, as Aqua America Inc. said it has agreed to buy the Delaware County Regional Water Authority for $276.5 million.
All 136 DELCORA employees will transition to working for Aqua as part of the deal, the company said, and it will honor all union contracts. The purchase of the wastewater utility represents Aqua’s largest municipal transaction and the largest water utility sale in the state.
“Our…
