New Jersey American Water to acquire Roxbury Water Company
New Jersey American Water, a subsidiary of American Water, has signed an agreement for the acquisition of the Roxbury Water Company in Morris County, New Jersey, US.
Roxbury Water Company is owned by the families of the late John Grabovetz, the late George Grabovetz and the late Paul Dunajchuk. Currently, the company is serving around 3,900 residential and commercial connections in Roxbury Township.
New Jersey American Water president Deb Degillio said: “We are looking forward to welcoming residents served by Roxbury Water to our family of customers. Our staff is committed to ensuring a smooth transition and providing the same great level of quality and service that we provide to our customers throughout the state.”
Roxbury Water Company president John F. Hosking said: “I am pleased to be transitioning our family business to New Jersey American Water. My family is very proud of the quality and service we have provided to our customers for more than 60 years and it gives me peace of mind to know we are leaving our life’s work in their expert and caring hands.”
With the acquisition of this system, the service of New Jersey American Water is expected to be strengthened, enabling supply of water in the water scarce Highlands Region.
Financial and other terms of the sale have not been disclosed.