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Middlesex Water unit to acquire Delaware water systems
NJBIZ STAFF//October 9, 2019//
Listen to this articleMiddlesex Water Company, a provider of water and wastewater services, said Oct. 9 that its Tidewater Utilities subsidiary received approval from the Delaware Public Service Commission to acquire the Wilkerson Water Co. and the Broadkiln Beach Water Co. of Delaware from J.H. Wilkerson & Son.
Middlesex said the targets’ 1,000 customers will be served by Tidewater’s regulated water utility business, which currently serves more than 47,000 accounts throughout Delaware.
The DEPSC approval also authorizes Tidewater to maintain the existing rates the Wilkerson and Broadkiln customers currently pay. Wilkerson provides service through over 500 customer connections through 7 community water systems in Kent and Sussex Counties, Delaware. Broadkiln provides service through over 500 customer connections in the Broadkiln Beach community bordering the Delaware Bay in Sussex County, Delaware.
The transaction is expected to close within sixty days.
