SOURCE: Middlesex Water Company
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November 05, 2009 15:52 ET
Middlesex Water Acquires Twin Lakes Water Services, Inc. in Shohola, Pennsylvania
ISELIN, NJ--(Marketwire - November 5, 2009) - Middlesex Water Company (NASDAQ: MSEX), a
provider of water and wastewater services today announced it has acquired
the assets of Twin Lakes Water Services, Inc., which serves approximately
330 people in Shohola, Pennsylvania in the northeastern part of the state.
"This acquisition is but one example of opportunities for profitable growth
beyond our core New Jersey and Delaware operations," said Middlesex
President & CEO Dennis W. Doll. "Twin Lakes is a transaction that is
consistent with our focus on paying reasonable prices for systems that can
yield a fair return for our shareholders. The residents will benefit from
additional capital investments we will make to improve overall service
quality and with our further focus on keeping rates affordable," added
Doll.
About Middlesex Water Company
Middlesex Water Company, organized in 1897, provides regulated and
unregulated water and wastewater utility services in New Jersey and
Delaware through various subsidiary companies. For additional information
regarding Middlesex Water Company visit our website at
www.middlesexwater.com or call (732) 634-1500.