{"id":537949,"date":"2021-09-14T08:41:01","date_gmt":"2021-09-14T12:41:01","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/essential-utilities-aqua-illinois-subsidiary-acquires-village-of-bourbonnais-assets\/"},"modified":"2021-09-14T08:41:01","modified_gmt":"2021-09-14T12:41:01","slug":"essential-utilities-aqua-illinois-subsidiary-acquires-village-of-bourbonnais-assets","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/essential-utilities-aqua-illinois-subsidiary-acquires-village-of-bourbonnais-assets\/","title":{"rendered":"Essential Utilities\u2019 Aqua Illinois Subsidiary Acquires Village of Bourbonnais Assets"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Essential Utilities\u2019 Aqua Illinois Subsidiary Acquires Village of Bourbonnais Assets<\/b><\/p>\n<p class=\"bwalignc\"><i>Service provider commits to $9 million in community infrastructure investments<\/i><\/p>\n<p>BRYN MAWR, Pa.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.essential.co%2F&amp;esheet=52491457&amp;newsitemid=20210914005714&amp;lan=en-US&amp;anchor=Essential+Utilities+Inc.&amp;index=1&amp;md5=4b5169dd5d0eb35166c356a9c842c701\">Essential Utilities Inc.<\/a> (NYSE: WTRG) today announced that its Aqua Illinois subsidiary has acquired the wastewater system of the Village of Bourbonnais, which serves approximately 6,500 customer connections in Kankakee County, Ill., for $32.1 million.\n<\/p>\n<p>\n\u201cAt Essential, we are so proud to deliver safe, reliable services that improve quality of life for our customers in the communities we serve,\u201d said Essential Chairman and CEO Christopher Franklin. \u201cThe Village of Bourbonnais is already a valued water partner of Aqua Illinois, and on behalf of our entire team, we are thrilled that this purchase will enable us to expand our contributions in the community.\u201d\n<\/p>\n<p>\nBourbonnais is the second acquisition completed by Essential\u2019s Aqua companies in 2021. The company currently has six additional signed purchase agreements for water and wastewater systems, which have a total purchase price of $426.4 million and represent approximately 226,500 equivalent dwelling units.\n<\/p>\n<p>\nAs part of the agreement, Aqua Illinois has committed to investing at least $9 million into system upgrades that will provide valuable infrastructure and reliability improvements for the Bourbonnais community.\n<\/p>\n<p>\n\u201cThe Aqua Illinois team is already hard at work to provide quality wastewater services and exceptional customer care in Bourbonnais,\u201d said Aqua Illinois President Craig Blanchette. \u201cFocusing on our customers\u2019 needs as we deliver essential resources and services has always been our priority. We value Bourbonnais\u2019 partnership, and we look forward to being the village\u2019s trusted wastewater service provider for years to come.\u201d\n<\/p>\n<p>\nAqua Illinois serves approximately 270,000 people in 70 communities across 13 Illinois counties. Visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.aquaamerica.com%2F&amp;esheet=52491457&amp;newsitemid=20210914005714&amp;lan=en-US&amp;anchor=AquaAmerica.com&amp;index=2&amp;md5=acb6c330f26b61d524d9a43dbbfd83eb\">AquaAmerica.com<\/a> for more information or follow @MyAquaAmerica on <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.facebook.com%2FMyAquaAmerica%2F&amp;esheet=52491457&amp;newsitemid=20210914005714&amp;lan=en-US&amp;anchor=Facebook&amp;index=3&amp;md5=c73a6fb230f6c23c176b6da9fb44f8e0\">Facebook<\/a> and <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Ftwitter.com%2Fmyaquaamerica&amp;esheet=52491457&amp;newsitemid=20210914005714&amp;lan=en-US&amp;anchor=Twitter&amp;index=4&amp;md5=b607b7587325de4622d57a51d19c70cb\">Twitter<\/a>.\n<\/p>\n<p><b>About Essential <\/b><\/p>\n<p>\nEssential is one of the largest publicly traded water, wastewater and natural gas providers in the U.S., serving approximately 5 million people across 10 states under the Aqua and Peoples brands. Essential is committed to excellence in proactive infrastructure investment, regulatory expertise, operational efficiency and environmental stewardship. The company recognizes the importance water and natural gas play in everyday life and is proud to deliver safe, reliable services that contribute to the quality of life in the communities it serves. For more information, visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.essential.co&amp;esheet=52491457&amp;newsitemid=20210914005714&amp;lan=en-US&amp;anchor=http%3A%2F%2Fwww.essential.co&amp;index=5&amp;md5=be318d88ad221c07106973ab03556c4e\">http:\/\/www.essential.co<\/a>.\n<\/p>\n<p><b>Forward-Looking Statements<\/b><\/p>\n<p>\nThis release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including. There are important factors that could cause actual results to differ materially from those expressed or implied by the forward-looking statements including: general economic business conditions; the successful integration of the customers and the facility; and other factors discussed in our Annual Report on Form 10-K, which is on file with the Securities and Exchange Commission. For more information regarding risks and uncertainties associated with Essential Utilities\u2019 business, please refer to Essential Utilities\u2019 annual, quarterly and other SEC filings. Essential Utilities is not under any obligation \u2014 and expressly disclaims any such obligation \u2014 to update or alter its forward-looking statements whether as a result of new information, future events or otherwise.\n<\/p>\n<p>\nWTRGF\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210914005714r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20210914005714\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20210914005714\/en\/<\/a><\/span><\/p>\n<p>\nBrian Dingerdissen<br \/>\n<br \/>Investor Relations<br \/>\n<br \/>O: 610.645.1191<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:BJDingerdissen@Essential.co\">BJDingerdissen@Essential.co<\/a><\/p>\n<p>\nErin O\u2019Donnell<br \/>\n<br \/>Communications and Marketing<br \/>\n<br \/>412.208.6614<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:Media@essential.co\">Media@essential.co<br \/>\n<\/a><\/p>\n<p><b>KEYWORDS:<\/b> Illinois Pennsylvania United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Other Construction &amp; Property Energy Construction &amp; Property Utilities<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20210914005714\/en\/832266\/3\/Essential_RGB.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Essential Utilities\u2019 Aqua Illinois Subsidiary Acquires Village of Bourbonnais Assets Service provider commits to $9 million in community infrastructure investments BRYN MAWR, Pa.&#8211;(BUSINESS WIRE)&#8211;Essential Utilities Inc. (NYSE: WTRG) today announced that its Aqua Illinois subsidiary has acquired the wastewater system of the Village of Bourbonnais, which serves approximately 6,500 customer connections in Kankakee County, Ill., for $32.1 million. \u201cAt Essential, we are so proud to deliver safe, reliable services that improve quality of life for our customers in the communities we serve,\u201d said Essential Chairman and CEO Christopher Franklin. \u201cThe Village of Bourbonnais is already a valued water partner of Aqua Illinois, and on behalf of our entire team, we are thrilled that this purchase will enable us to expand &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/essential-utilities-aqua-illinois-subsidiary-acquires-village-of-bourbonnais-assets\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Essential Utilities\u2019 Aqua Illinois Subsidiary Acquires Village of Bourbonnais Assets&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-537949","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Essential Utilities\u2019 Aqua Illinois Subsidiary Acquires Village of Bourbonnais Assets - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/essential-utilities-aqua-illinois-subsidiary-acquires-village-of-bourbonnais-assets\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Essential Utilities\u2019 Aqua Illinois Subsidiary Acquires Village of Bourbonnais Assets - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Essential Utilities\u2019 Aqua Illinois Subsidiary Acquires Village of Bourbonnais Assets Service provider commits to $9 million in community infrastructure investments BRYN MAWR, Pa.&#8211;(BUSINESS WIRE)&#8211;Essential Utilities Inc. (NYSE: WTRG) today announced that its Aqua Illinois subsidiary has acquired the wastewater system of the Village of Bourbonnais, which serves approximately 6,500 customer connections in Kankakee County, Ill., for $32.1 million. \u201cAt Essential, we are so proud to deliver safe, reliable services that improve quality of life for our customers in the communities we serve,\u201d said Essential Chairman and CEO Christopher Franklin. \u201cThe Village of Bourbonnais is already a valued water partner of Aqua Illinois, and on behalf of our entire team, we are thrilled that this purchase will enable us to expand &hellip; Continue reading &quot;Essential Utilities\u2019 Aqua Illinois Subsidiary Acquires Village of Bourbonnais Assets&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/essential-utilities-aqua-illinois-subsidiary-acquires-village-of-bourbonnais-assets\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-09-14T12:41:01+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210914005714r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/essential-utilities-aqua-illinois-subsidiary-acquires-village-of-bourbonnais-assets\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/essential-utilities-aqua-illinois-subsidiary-acquires-village-of-bourbonnais-assets\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Essential Utilities\u2019 Aqua Illinois Subsidiary Acquires Village of Bourbonnais Assets\",\"datePublished\":\"2021-09-14T12:41:01+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/essential-utilities-aqua-illinois-subsidiary-acquires-village-of-bourbonnais-assets\\\/\"},\"wordCount\":560,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/essential-utilities-aqua-illinois-subsidiary-acquires-village-of-bourbonnais-assets\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20210914005714r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/essential-utilities-aqua-illinois-subsidiary-acquires-village-of-bourbonnais-assets\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/essential-utilities-aqua-illinois-subsidiary-acquires-village-of-bourbonnais-assets\\\/\",\"name\":\"Essential Utilities\u2019 Aqua Illinois Subsidiary Acquires Village of Bourbonnais Assets - 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/essential-utilities-aqua-illinois-subsidiary-acquires-village-of-bourbonnais-assets\/","og_locale":"en_US","og_type":"article","og_title":"Essential Utilities\u2019 Aqua Illinois Subsidiary Acquires Village of Bourbonnais Assets - Market Newsdesk","og_description":"Essential Utilities\u2019 Aqua Illinois Subsidiary Acquires Village of Bourbonnais Assets Service provider commits to $9 million in community infrastructure investments BRYN MAWR, Pa.&#8211;(BUSINESS WIRE)&#8211;Essential Utilities Inc. (NYSE: WTRG) today announced that its Aqua Illinois subsidiary has acquired the wastewater system of the Village of Bourbonnais, which serves approximately 6,500 customer connections in Kankakee County, Ill., for $32.1 million. \u201cAt Essential, we are so proud to deliver safe, reliable services that improve quality of life for our customers in the communities we serve,\u201d said Essential Chairman and CEO Christopher Franklin. \u201cThe Village of Bourbonnais is already a valued water partner of Aqua Illinois, and on behalf of our entire team, we are thrilled that this purchase will enable us to expand &hellip; Continue reading \"Essential Utilities\u2019 Aqua Illinois Subsidiary Acquires Village of Bourbonnais Assets\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/essential-utilities-aqua-illinois-subsidiary-acquires-village-of-bourbonnais-assets\/","og_site_name":"Market Newsdesk","article_published_time":"2021-09-14T12:41:01+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210914005714r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/essential-utilities-aqua-illinois-subsidiary-acquires-village-of-bourbonnais-assets\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/essential-utilities-aqua-illinois-subsidiary-acquires-village-of-bourbonnais-assets\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Essential Utilities\u2019 Aqua Illinois Subsidiary Acquires Village of Bourbonnais Assets","datePublished":"2021-09-14T12:41:01+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/essential-utilities-aqua-illinois-subsidiary-acquires-village-of-bourbonnais-assets\/"},"wordCount":560,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/essential-utilities-aqua-illinois-subsidiary-acquires-village-of-bourbonnais-assets\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210914005714r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/essential-utilities-aqua-illinois-subsidiary-acquires-village-of-bourbonnais-assets\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/essential-utilities-aqua-illinois-subsidiary-acquires-village-of-bourbonnais-assets\/","name":"Essential Utilities\u2019 Aqua Illinois Subsidiary Acquires Village of Bourbonnais Assets - 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