M&A Deal Summary

New Jersey American Water Acquires Borough of Mount Ephraim - Wastewater Assets

On January 16, 2019, New Jersey American Water acquired utilities company Borough of Mount Ephraim - Wastewater Assets from Borough of Mount Ephraim for 1M USD

Acquisition Highlights
  • This is New Jersey American Water’s 4th transaction in the Utilities sector.
  • This is New Jersey American Water’s 3rd largest (disclosed) transaction.
  • This is New Jersey American Water’s 5th transaction in the United States.
  • This is New Jersey American Water’s 3rd transaction in New Jersey.

M&A Deal Summary

Date 2019-01-16
Target Borough of Mount Ephraim - Wastewater Assets
Sector Utilities
Buyer(s) New Jersey American Water
Sellers(s) Borough of Mount Ephraim
Deal Type Divestiture
Deal Value 1M USD

Target

Borough of Mount Ephraim - Wastewater Assets

Mount Ephraim, New Jersey, United States
Borough of Mount Ephraim - Wastewater Assets serves approximately 1,800 customers.

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Buyer(S) 1

Buyer

New Jersey American Water

Voorhees, New Jersey, United States

Category Company
Sector Utilities
DESCRIPTION

New Jersey American Water Co. Inc. is a local water and wastewater company serves approximately 2.5 million people, in 17 counties, supplying high quality water and wastewater service.


DEAL STATS #
Overall 5 of 7
Sector (Utilities) 4 of 6
Type (Divestiture) 1 of 1
State (New Jersey) 3 of 5
Country (United States) 5 of 7
Year (2019) 1 of 1
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-19 Roxbury Water

Succasunna, New Jersey, United States

Roxbury Water Co. is an owns and operates water utility that provides service to nearly 3,900 customer accounts in Morris County, N.J.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-22 Long Hill Township Sewer System

New Jersey, United States

Long Hill Township Sewer System serves approximately 2,800 customers.

Buy $13M

Seller(S) 1

SELLER

Borough of Mount Ephraim

Mount Ephraim, New Jersey, United States

Category Company
Sector Utilities
DESCRIPTION

Borough of Mount Ephraim serves approximately 1,800 customers, most of whom already receive water service from New Jersey American Water.


DEAL STATS #
Overall 1 of 1
Sector (Utilities) 1 of 1
Type (Divestiture) 1 of 1
State (New Jersey) 1 of 1
Country (United States) 1 of 1
Year (2019) 1 of 1
Size (of disclosed) 1 of 1