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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
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.
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Agreement Insights
Based on industry dataStrategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
Contract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months