{"id":898423,"date":"2025-10-21T16:30:37","date_gmt":"2025-10-21T20:30:37","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/new-jersey-american-water-and-gordons-corner-water-company-reach-acquisition-agreement\/"},"modified":"2025-10-21T16:30:37","modified_gmt":"2025-10-21T20:30:37","slug":"new-jersey-american-water-and-gordons-corner-water-company-reach-acquisition-agreement","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/new-jersey-american-water-and-gordons-corner-water-company-reach-acquisition-agreement\/","title":{"rendered":"New Jersey American Water and Gordon\u2019s Corner Water Company Reach Acquisition Agreement"},"content":{"rendered":"

<\/p>\n

New Jersey American Water and Gordon\u2019s Corner Water Company Reach Acquisition Agreement<\/b><\/p>\n

CAMDEN, N.J.–(BUSINESS WIRE<\/a>)–
\nNew Jersey American Water announced today that an agreement has been reached for it to acquire Gordon\u2019s Corner Water Company (Gordon\u2019s Corner), a privately owned water company that serves approximately 15,000 customers in portions of Colts Neck, Manalapan and Marlboro Townships. The company is located adjacent to and northwest of New Jersey American Water\u2019s Monmouth System.<\/p>\n

\n\u201cThis transaction represents the right succession plan for Gordon\u2019s Corner Water Company, ensuring that our customers remain at the forefront of every decision,\u201d stated David Ern, President of Gordon\u2019s Corner Water Company. \u201cBy selling to New Jersey American Water, we are prioritizing the long-term quality and reliability of water service for generations to come.\u201d<\/p>\n

\nNew Jersey American Water plans to gradually connect the Gordon\u2019s Corner system with its systems in Monmouth County to maintain reliable service. This will create additional redundancy in the region, which experiences increased demand for water during peak tourism and irrigation months. The project is also intended to help ensure adequate water supply to the area. Additionally, New Jersey American Water is committed to offering employment to approximately 20 employees from Gordon\u2019s Corner Water Company, who take pride in providing water services in these areas.<\/p>\n

\n\u201cWe are honored to have the opportunity to serve customers in parts of Colts Neck, Manalapan and Marlboro, and we appreciate that the leadership at Gordon\u2019s Corner Water Company is entrusting us with this privilege,\u201d said New Jersey American Water President Mark McDonough. \u201cThis acquisition is primarily about ensuring continuity of service for Gordon\u2019s Corner customers as their company transitions out of ownership. Integrating Gordon\u2019s Corner into our operations will help support long-term stability in the region\u2019s overall stressed water supply.\u201d<\/p>\n

\nNew Jersey American Water and Gordon\u2019s Corner will seek approval of the acquisition from the New Jersey Board of Public Utilities (NJ BPU). The transaction is expected to be completed by mid-2026.<\/p>\n

\nUnder the terms of the transaction, New Jersey American Water will acquire Gordon\u2019s Corner, with its shareholders receiving AWK common stock via merger in exchange for all their issued and outstanding shares. Following this merger, Gordon\u2019s Corner will be merged into New Jersey American Water.<\/p>\n

\nNew Jersey American Water intends to adopt the current rates of Gordon\u2019s Corner at closing. The NJ BPU regulates the company’s rates, and any future rate changes would be reviewed and approved by the NJ BPU. New Jersey American Water offers grants and discounts to customers who qualify through its H2O Help to Others Program<\/a>.<\/p>\n

About American Water
\n
<\/b>American Water (NYSE: AWK) is the largest regulated water and wastewater utility company in the United States. With a history dating back to 1886, We Keep Life Flowing\u00ae by providing safe, clean, reliable and affordable drinking water and wastewater services to more than 14 million people with regulated operations in 14 states and on 18 military installations. American Water’s 6,700 talented professionals leverage their significant expertise and the company\u2019s national size and scale to achieve excellent outcomes for the benefit of customers, employees, investors and other stakeholders.<\/p>\n

\nFor more information, visit amwater.com<\/a> and join American Water on LinkedIn<\/a>, Facebook<\/a>, X<\/a> and Instagram<\/a>.<\/p>\n

About New Jersey American Water
\n
<\/b>New Jersey American Water, a subsidiary of American Water, is the largest regulated water utility in the state, providing safe, clean, reliable and affordable water and wastewater services to approximately 2.9 million people. For more information, visit www.newjerseyamwater.com<\/a> and follow New Jersey American Water on LinkedIn<\/a>, Facebook<\/a>, X<\/a>, and Instagram<\/a>.<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20251021456583\/en\/<\/a><\/span><\/p>\n

Media Contact:
\n
<\/b>Chelsea Kulp
\n
Director, Communications and External Affairs
\n
New Jersey American Water
\n
chelsea.kulp@amwater.com<\/a><\/p>\n

KEYWORDS:<\/b> United States North America New Jersey<\/p>\n

INDUSTRY KEYWORDS:<\/b> Sustainability Energy Utilities Environment<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
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New Jersey American Water and Gordon\u2019s Corner Water Company Reach Acquisition Agreement CAMDEN, N.J.–(BUSINESS WIRE)– New Jersey American Water announced today that an agreement has been reached for it to acquire Gordon\u2019s Corner Water Company (Gordon\u2019s Corner), a privately owned water company that serves approximately 15,000 customers in portions of Colts Neck, Manalapan and Marlboro Townships. The company is located adjacent to and northwest of New Jersey American Water\u2019s Monmouth System. \u201cThis transaction represents the right succession plan for Gordon\u2019s Corner Water Company, ensuring that our customers remain at the forefront of every decision,\u201d stated David Ern, President of Gordon\u2019s Corner Water Company. \u201cBy selling to New Jersey American Water, we are prioritizing the long-term quality and reliability of water … <\/p>\n

Continue reading “New Jersey American Water and Gordon\u2019s Corner Water Company Reach Acquisition Agreement”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-898423","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nNew Jersey American Water and Gordon\u2019s Corner Water Company Reach Acquisition Agreement - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/new-jersey-american-water-and-gordons-corner-water-company-reach-acquisition-agreement\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New Jersey American Water and Gordon\u2019s Corner Water Company Reach Acquisition Agreement - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"New Jersey American Water and Gordon\u2019s Corner Water Company Reach Acquisition Agreement CAMDEN, N.J.–(BUSINESS WIRE)– New Jersey American Water announced today that an agreement has been reached for it to acquire Gordon\u2019s Corner Water Company (Gordon\u2019s Corner), a privately owned water company that serves approximately 15,000 customers in portions of Colts Neck, Manalapan and Marlboro Townships. The company is located adjacent to and northwest of New Jersey American Water\u2019s Monmouth System. \u201cThis transaction represents the right succession plan for Gordon\u2019s Corner Water Company, ensuring that our customers remain at the forefront of every decision,\u201d stated David Ern, President of Gordon\u2019s Corner Water Company. \u201cBy selling to New Jersey American Water, we are prioritizing the long-term quality and reliability of water … Continue reading "New Jersey American Water and Gordon\u2019s Corner Water Company Reach Acquisition Agreement"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/new-jersey-american-water-and-gordons-corner-water-company-reach-acquisition-agreement\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-10-21T20:30:37+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20251021456583r1&sid=flmnd&distro=nx&lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/new-jersey-american-water-and-gordons-corner-water-company-reach-acquisition-agreement\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/new-jersey-american-water-and-gordons-corner-water-company-reach-acquisition-agreement\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"New Jersey American Water and Gordon\u2019s Corner Water Company Reach Acquisition Agreement\",\"datePublished\":\"2025-10-21T20:30:37+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/new-jersey-american-water-and-gordons-corner-water-company-reach-acquisition-agreement\\\/\"},\"wordCount\":658,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/new-jersey-american-water-and-gordons-corner-water-company-reach-acquisition-agreement\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&sty=20251021456583r1&sid=flmnd&distro=nx&lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/new-jersey-american-water-and-gordons-corner-water-company-reach-acquisition-agreement\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/new-jersey-american-water-and-gordons-corner-water-company-reach-acquisition-agreement\\\/\",\"name\":\"New Jersey American Water and Gordon\u2019s Corner Water Company Reach Acquisition Agreement - 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