ISELIN—Middlesex Water Company (NASDAQ: MSEX), a provider of water and wastewater services primarily in New Jersey and Delaware, announced Friday that it has entered into an agreement to purchase Montague Water Company, Inc. and Montague Sewer Company, Inc. in Montague, New Jersey. The companies presently serve more than 2,000 people in Montague Township, located in northwestern New Jersey.
“We continue to pursue opportunities that make sense both operationally and strategically,” said Middlesex Water President & CEO Dennis W. Doll.
“We also continue our focus on leveraging our solid water and wastewater capabilities in expanding our footprint both within and beyond our core New Jersey and Delaware operations. In November 2009, Middlesex Water acquired the assets of Twin Lakes Water Services, Inc., in Shohola, Pennsylvania, near the Montague systems. The proximity of these systems is expected to enhance our ability to deliver additional efficiencies for the benefit of all of these customers,” added Doll.
The transaction requires approval by the New Jersey Board of Public Utilities.
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