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New Jersey American Water Completes Acquisition of Manville Wastewater Collection System

Nov 01, 2024over 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 Company

Location

Camden, New Jersey, United States

About

Kentucky-American Water Company is a subsidiary of American Water. It operates in Kentucky, providing water utility services. The company is committed to delivering safe and reliable water to its customers. It has a history of acquiring other water utilities in the region.

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Agreement Insights

Based on industry data
Strategic 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