(BRYN MAWR, Pa.) -- Aqua North Carolina, Inc. has acquired the water system assets of Fox Run Water Co., Inc. and Moseley-Nash Enterprises, Inc. for approximately $175,000. The 12 water systems serve about 1,500 residents in Warren and Northampton counties.

The acquisition is the latest for parent company Aqua America, which has completed more than 200 acquisitions and growth ventures over the last decade.

“The closeness of our systems in neighboring counties makes the Fox Run acquisition a natural and efficient expansion of Aqua’s service in North Carolina,” said Aqua America Chairman and CEO Nicholas DeBenedictis. “We look forward to making the necessary improvements to pipes, plants, wells, and water treatment to ensure that we provide our new customers with quality water and reliable service.”

Aqua plans to spend approximately $1.2 million on environmental and capital improvements over the next year. Aqua’s Cary, North Carolina division will manage the new systems.