Oakwood Village Sewerage Associates sold to Aqua America (NYSE: WTR)

FLANDERS, NJ – AION has successfully sold the assets of Oakwood Village Sewerage Associates, which provides sewer service to the Overlook at Flanders (formerly Oakwood Village) apartment community as well as the Millbrook Estates at Flanders Housing Development in Mt. Olive Township, Morris County. While Oakwood Village Sewerage Associates is only counted as 35 connections, this includes one connection that serves all 1,224 apartment units at the Overlook at Flanders.

Aqua America is one of the largest U.S.-based, publicly traded water utilities and serves nearly 3 million people in Pennsylvania, Ohio, North Carolina, Illinois, Texas, New Jersey, Indiana and Virginia. Aqua America is listed on the New York Stock Exchange under the ticker symbol WTR.