M&A Deal Summary |
|
|---|---|
| Date | 2021-08-30 |
| Target | Tidewater Environmental |
| Sector | Environmental |
| Buyer(s) | Artesian Resources |
| Sellers(s) | Middlesex Water |
| Deal Type | Divestiture |
| Deal Value | 6M USD |
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| Category | Company |
|---|---|
| Founded | 1905 |
| Sector | Environmental |
| Employees | 251 |
| Revenue | 99M USD (2023) |
Artesian Resources operates as a holding company of wholly-owned subsidiaries offering water and wastewater services, and related services, on the Delmarva Peninsula. Artesian Water Company, the principal subsidiary, is the oldest and largest regulated water utility on the Delmarva Peninsula and has been providing water service. Artesian Resources was founded in 1905 and is headquartered in Newark, Delaware.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector (Environmental) | 1 of 1 |
| Type (Divestiture) | 1 of 1 |
| State (Washington) | 1 of 1 |
| Country (United States) | 1 of 1 |
| Year (2021) | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
| Category | Company |
|---|---|
| Founded | 1896 |
| Sector | Utilities |
| Employees | 350 |
| Revenue | 166M USD (2023) |
Middlesex Water owns and operates regulated water utility systems in central and southern New Jersey and in Delaware as well as regulated wastewater utility systems in Southern New Jersey and southern Delaware. The company provides water services to approximately 60,000 retail customers, primarily in eastern Middlesex County, New Jersey and offers water under wholesale contracts to the City of Rahway, Township of Edison, the Borough of Highland Park, the Township of Marlboro and the Old Bridge Municipal Utilities Authority. The Middlesex System treats, stores and distributes water for residential, commercial, industrial and fire prevention purposes. Under a special contract, the Middlesex System also provides water treatment and pumping services to the Township of East Brunswick. Middlesex Water was founded in 1896 and is based in Iselin, New Jersey.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector (Environmental) | 1 of 1 |
| Type (Divestiture) | 1 of 1 |
| State (Washington) | 1 of 1 |
| Country (United States) | 1 of 1 |
| Year (2021) | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2009-11-05 |
Twin Lakes Water Services
Shohola, Pennsylvania, United States Twin Lakes Water Services, Inc. serves approximately 330 people in Shohola, Pennsylvania in the northeastern part of the state. Company has a stringent water quality monitoring and testing program to ensure drinking water that meets and consistently exceeds state and federal water quality standards. The Company provides information on its water quality results to customers through Annual Water Quality Reports to customers. |
Buy | - |
