New Jersey American Water Completes Acquisition of Hopewell Borough Water System

June 30, 2026

New Jersey American Water completed its $6.4 million acquisition of the municipally owned water system of Hopewell Borough. The deal adds about 930 water customer connections, with $7 million planned for infrastructure improvements over the first five years, including lead/service line and meter upgrades and PFAS mitigation.

Targets
Hopewell Borough Water System
Sellers
Hopewell Borough
Industry
Utilities
Location
New Jersey, United States
Transaction Type
Buyout

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