New Jersey American Water Completes Acquisition of Salem City Water and Wastewater Systems
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American Water Works Company, Inc. (AWK)
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Source: Business Wire
Acquisition Adds 2,300 New Customers; Company Welcomes Six Salem Employees CAMDEN, N.J.--(BUSINESS WIRE)--New Jersey American Water today completed its acquisition of the water and wastewater systems of the City of Salem, N.J. for $18 million. These former municipally owned systems serve more than 2,300 water and 2,300 wastewater customers. On May 22, 2024, the New Jersey Board of Public Utilities (NJ BPU) approved the municipal consent allowing New Jersey American Water to provide service to Salem City customers as of the closing of the transaction.This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240625426402/en/Photo Caption: New Jersey American Water’s new Salem Operations Team celebrates the closing of the acquisition. Left to right, back row: Senior Superintendent Mike Gonserkevis, who joined the company from another municipal utility, Senior Supervisor of Operations Jared Bacon, Sewer Operator Mechanic Harron Jefferi
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