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Monday, October 18, 2021

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Aqua Illinois acquires Village of Bourbonnais wastewater system for $32.1 million

BOURBONNAIS – Aqua Illinois is now the owner of the wastewater system in the Village of Bourbonnais.

Aqua’s parent company, Essential Utilities Inc (NYSE: WTRG) made the announcement Tuesday morning, announcing they had acquired the system from Bourbonnais for $32.1 million.

“At Essential, we are so proud to deliver safe, reliable services that improve quality of life for our customers in the communities we serve,” said Essential Chairman and CEO Christopher Franklin. “The 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.”

The system serves 6,500 customers across Bourbonnais. The Bourbonnais becomes the second system acquired by Aqua this year.  As part of the agreement, the company plans to invest around $9 million dollars into system upgrades to further improve infrastructure and reliability in the community.

Aqua Illinois serves approximately 270,000 people in 70 communities across 13 Illinois counties.

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