New Jersey American Water completed its acquisition of the wastewater collection system of the Borough of Manville for $6.5 million. This municipally owned system serves approximately 4,300 customers, most of whom already receive water service from New Jersey American Water.
“Having served Manville for many years as its water provider, we are honored and proud to now extend our wastewater services to residents,” Mark McDonough, president of New Jersey American Water, said. “We are committed to making the necessary improvements to Manville’s wastewater system and look forward to continuing to support our customers with the same level of excellence we have provided to them for the past two decades.”
The agreement to purchase the system was approved in a voter referendum in November 2023, which passed in a landslide fashion with 83 percent of the voters approving the sale of the system to New Jersey American Water. As part of the agreement, New Jersey American Water committed to invest a minimum of $10 million in wastewater system improvements over the next ten years.
“Selling the wastewater system to New Jersey American Water was the right decision for our community,” Manville Mayor Richard Onderko, said. “The sale will allow us to pay off municipal debt, stabilize property taxes, and secure long-term, affordable rates for our residents. Most importantly, New Jersey American Water has the resources needed to invest in critical infrastructure improvements that will benefit Manville for years to come.”
This is New Jersey American Water’s seventh acquisition in the last five years, adding more than 18,600 new water and/or wastewater customers.
