American Water to Acquire Environmental Disposal Corp.

American Water announced it has reached an agreement to acquire all of the issued and outstanding capital stock from the Environmental Disposal Corporation, which provides wastewater service to more than 5,300 customer accounts in Bernards and Bedminster.

“Increasingly stringent environmental regulations coupled with the ongoing need to invest capital into modern wastewater systems can prove challenging for some systems,” Susan Story, president and CEO of American Water, said. “EDC’s customers will benefit from our operational and engineering expertise, as well as our commitment to make the necessary capital investment to ensure their wastewater service meets and routinely surpasses state and federal standards.”

Financial details of the agreement were not disclosed. American Water filed a petition with the New Jersey Board of Public Utilities and the acquisition will be completed upon the petition’s approval.

Michael Leeder, president of EDC, said the corporation is excited to have reached an acquisition agreement with American Water. “American Water’s extensive utility expertise, familiarity with the service territory and commitment to customer service will allow EDC’s customers to continue to receive exceptional service,” he said.

EDC is an investor-owned wastewater utility that began operation in the 1980s to serve customers in The Hills Development, located across portions of Bedminster and Bernards townships, which is now fully built-out. In addition, EDC provides bulk wastewater treatment services under long-term agreements with several surrounding communities.