The York Water Company

09/30/2024 | Press release | Distributed by Public on 09/30/2024 11:50

The York Water Company acquires Houston Run Community Water System

JT Hand, President & CEO of The York Water Company (NASDAQ: YORW) announced today that The York Water Company has closed on the acquisition of the Houston Run Community Water System in Salisbury Township, Lancaster County, adding approximately 24 commercial/industrial water customers to the Company's growing portfolio east of the Susquehanna River. This is the Company's second water system acquisition in Lancaster County. On September 26, 2024, York Water purchased the water system assets serving the commercial and industrial properties in the Houston Run Industrial Park.

President Hand expressed the company's excitement surrounding this acquisition. "This is another important acquisition for York Water as we expand our services in Lancaster County. This system was constructed and has been operated by a commercial developer since its inception. With the Houston Run Industrial Park built out and a more complex regulatory environment, the seller sought a responsible utility company to assume ownership and operation. There is significant demand for public water service in this area and York Water will bring the resources and utility experience to extend service beyond the industrial park. York Water looks forward to providing exceptional water services to the business community in the Houston Run Industrial Park and continuing our collaborative relationship with Salisbury Township."

Salisbury Township Manager Kirsten Peachey stated, "We've enjoyed getting to know The York Water Company leadership through this process and look forward to their service to these important commercial and industrial property owners in Salisbury Township."

The York Water Company is honored to provide water and wastewater services to over 210,000 people in 57 communities and visitors in Adams, Franklin, York, and Lancaster counties.