New Jersey American Water Completes Acquisition of Gordon's Corner Water Company
Rhea-AI Summary
New Jersey American Water (NYSE:AWK) has completed its acquisition of Gordon's Corner Water Company, adding about 15,300 water customer connections across parts of Marlboro, Manalapan and Colts Neck in Monmouth County. The transaction also brings 20 Gordon's Corner employees into New Jersey American Water's workforce.
According to New Jersey American Water, the company plans to invest over $25 million in the acquired system within the first five years, targeting meter, hydrant and main upgrades, rehabilitation of the Holiday Road water tank in Manalapan, and treatment and security enhancements. The New Jersey Board of Public Utilities approved the sale on July 15, 2026. Former Gordon's Corner customers will gain access to New Jersey American Water customer programs, including the MyWater online portal and the H2O Help to Others assistance program. This represents New Jersey American Water's eleventh acquisition in five years, cumulatively adding more than 40,500 new water and/or wastewater customers.
Positive
- 15,300 new water customer connections added in Monmouth County service area
- Acquisition brings 20 experienced employees from Gordon's Corner Water Company
- Planned infrastructure investments of over $25 million in the first five years
- Eleventh acquisition in five years, totaling 40,500+ new customer connections
Negative
- Commitment to invest over $25 million into acquired system within five years
News Explained
The completed acquisition merges Gordon’s Corner’s system into New Jersey American Water’s Coastal Operating Region, adding network redundancy during periods of peak tourism and irrigation demand.
News Market Reaction – AWK
In the Jul 28 session, AWK gained 2.59%, reflecting a moderate positive market reaction. Our momentum scanner triggered 13 alerts that day, indicating notable trading interest and price volatility.
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Acquisition Adds 15,300 New Water Customers and 20 Employees;
"We are pleased to officially welcome former Gordon's Corner customers and employees to New Jersey American Water," said Mark McDonough, President of New Jersey American Water. "This acquisition strengthens water service reliability in
On October 21, 2025, New Jersey American Water announced its agreement to acquire Gordon's Corner Water Company, highlighting benefits for customers by helping to ensure adequate water supply to the area. Merging the system into New Jersey American Water's Coastal Operating Region service area will add additional redundancy in the region, which experiences increased demand for water during peak tourism and irrigation months. The
"Our priority throughout this process has been ensuring a seamless transition for the customers and communities we serve," said David Ern, former President of Gordon's Corner Water Company. "We are proud of the service Gordon's Corner has provided over the years and confident that New Jersey American Water will continue that tradition while bringing additional resources, investment and customer programs."
As part of the agreement, New Jersey American Water will invest over
Residents will receive additional information in the mail from New Jersey American Water in the coming weeks, and the information is also available now on a new, dedicated webpage on the company's website at newjerseyamwater.com under Customer Service and Billing, then select For New Customers. Former Gordon's Corner customers will now be able to take advantage of New Jersey American Water's customer service benefits, including its online account management portal, MyWater, as well as its H2O Help to Others program for qualifying customers needing help paying their bills.
New Jersey American Water remains focused on delivering industry-leading customer service, supporting environmental stewardship and ongoing infrastructure improvements as it continues to grow and serve more communities across the state. This is New Jersey American Water's eleventh acquisition in the last five years, adding more than 40,500 new water and/or wastewater customers.
About American Water
American Water (NYSE: AWK) is the largest regulated water and wastewater utility company in
For more information, visit amwater.com and join American Water on LinkedIn, Facebook, X and Instagram.
About New Jersey American Water
New Jersey American Water, a subsidiary of American Water, is the largest regulated water utility in the state with approximately 875 dedicated employees working to provide safe, clean, reliable and affordable water and wastewater services to approximately 3 million people.
For more information, visit www.newjerseyamwater.com and follow New Jersey American Water on LinkedIn, Facebook, X, and Instagram.
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SOURCE American Water