Utilities Acquisitions in New Jersey

Showing 2 transactions.

  • Buyer
    New Jersey American Water, American Water (parent company)
    Target
    South Orange Village water system
    Seller
    South Orange Village (municipality)
    Industry
    Utilities
    Location
    New Jersey, United States
    Type
    Buyout

    New Jersey American Water completed the $19.7 million purchase of the South Orange Village water system, adding roughly 5,000 customer connections and obtaining municipal consent after a voter referendum. The utility plans up to $50 million in infrastructure investments over the next 10 years to modernize aging mains, remove lead and galvanized service lines, and improve service reliability.

  • Buyer
    New Jersey American Water, American Water
    Target
    Wastewater collection system of the Borough of Manville
    Seller
    Borough of Manville
    Industry
    Utilities
    Location
    New Jersey, United States
    Type
    Divestiture

    New Jersey American Water, a subsidiary of American Water, completed the $6.5 million purchase of the Borough of Manville’s wastewater collection system, adding approximately 4,300 wastewater customers. The sale—approved by municipal referendum and state consent—transfers system ownership to the utility, which committed to invest a minimum of $10 million in wastewater improvements over the next ten years.

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