American Water signs agreement to acquire Environmental Disposal Corporation

April 30, 2015
American Water announced that it has agreed to acquire all of the issued and outstanding capital stock of the Environmental Disposal Corporation.

VOORHEES, NJ, April 30, 2015 -- Today, American Water (AW), the nation's largest publicly traded water and wastewater utility company, announced that it has agreed to acquire all of the issued and outstanding capital stock of the Environmental Disposal Corporation (EDC).

EDC provides wastewater service to the more than 5,300 customer accounts, which are located in its service territory in Bedminster and Bernards Townships, N.J. In addition, EDC provides retail wastewater treatment to the Boroughs of Far Hills, Peapack, Gladstone, and portions of Bedminster, outside the corporation's service territory, on the basis of long-term contracts.

"Increasingly stringent environmental regulations coupled with the ongoing need to invest capital into modern wastewater systems can prove challenging for some systems," said AW President and CEO Susan Story. "EDC's customers will benefit from our operational and engineering expertise, as well as our commitment to make the necessary capital investment to ensure their wastewater service meets and routinely surpasses state and federal standards."

ECD President Michael Leeder added, "We are excited to have reached an agreement for American Water to acquire EDC. American Water's extensive utility expertise, familiarity with the service territory and commitment to customer service will allow EDC's customers to continue to receive exceptional service."

Financial terms of the sale were not disclosed. AW has filed a petition with the New Jersey Board of Public Utilities and will complete the acquisition upon approval.

See also:

"American Water to play active role at NAWC 2015 Infrastructure Summit"

"American Water releases mobile version of customer account management website"


About American Water


Founded in 1886, American Water is the largest publicly traded U.S. water and wastewater utility company. With headquarters in Voorhees, N.J., the company employs approximately 6,400 dedicated professionals who provide drinking water, wastewater and other related services to an estimated 15 million people in more than 45 states and parts of Canada. For more information, visit www.amwater.com.

###

Sponsored Recommendations

ArmorBlock 5000: Boost Automation Efficiency

April 25, 2024
Discover the transformative benefits of leveraging a scalable On-Machine I/O to improve flexibility, enhance reliability and streamline operations.

Rising Cyber Threats and the Impact on Risk and Resiliency Operations

April 25, 2024
The world of manufacturing is changing, and Generative AI is one of the many change agents. The 2024 State of Smart Manufacturing Report takes a deep dive into how Generative ...

State of Smart Manufacturing Report Series

April 25, 2024
The world of manufacturing is changing, and Generative AI is one of the many change agents. The 2024 State of Smart Manufacturing Report takes a deep dive into how Generative ...

SmartSights WIN-911 Alarm Notification Software Enables Faster Response

March 15, 2024
Alarm notification software enables faster response for customers, keeping production on track