Middlesex Water Company recently announced that its subsidiary, Tidewater Utilities Inc., has completed the acquisition of the water system assets serving 360 customers in Pinewood Acres in Delaware. Financial terms were not disclosed.
“We are pleased to welcome Pinewood Acres residents into the Tidewater family,” said Bruce E. Patrick, president of TUI. “A smooth and transparent transition for our new Pinewood Acres customers is our top priority. Our team remains dedicated to delivering safe and reliable water service and to continue our long tradition of being strong partners to the communities we serve.”
Approval for the purchase was granted by the Delaware Public Service Commission, authorizing TUI to become the owner and operator of the Pinewood Acres water utility assets.
“Partnering with Tidewater Utilities allows Pinewood Acres residents to enjoy the continued reliability and long-term performance of the water system with the benefit of consistent regulatory oversight, expanded customer service options, and the expertise of a long-standing Delaware water provider,” said Pinewood Acres Management. “We are confident this transition will help support the community’s long-term water needs.”
Pinewood Acres customers will receive additional information from TUI by mail in the coming weeks. Resources and updates will also be available at www.TUIWater.com.
Tidewater Utilities Inc., a wholly owned subsidiary of Middlesex Water Company, is the largest private water supplier south of the Chesapeake & Delaware Canal, operating 172 active wells and 85 water treatment facilities serving approximately 62,000 customers across more than 480 communities in New Castle, Kent and Sussex counties.
Middlesex Water Company, based in Iselin, was founded in 1897 and is an investor-owned water and wastewater utility. Middlesex provides essential water and wastewater services to more than 500,000 people in New Jersey and Delaware.
