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New Jersey American Water Completes Acquisition of Manville Wastewater Collection System

Nov 01, 2024•over 1 year ago

Contract Type

partnership

CamdenWaterWater Purification

Description

New Jersey American Water has completed the acquisition of the wastewater collection system of the Borough of Manville, N.J. for $6.5 million. This acquisition allows them to provide wastewater services to approximately 4,300 customers, most of whom already receive water service from New Jersey American Water.

Company Information

Company

Kentucky American Water

Location

Camden, New Jersey, United States

About

Kentucky American Water, a subsidiary of American Water, is the largest investor-owned water utility in the state, providing high-quality and reliable water and wastewater services to approximately 560,000 people. The company focuses on making necessary infrastructure improvements to maintain safety, service, and reliability for its customers. It is committed to providing assistance programs for customers facing financial difficulties and promoting water conservation. Kentucky American Water aims to deliver affordable and dependable water services through efficient operations.

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Strategic partnership established

Partnership agreements typically involve technology integration and joint go-to-market strategies

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Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months