Home By Doug Rainey Artesian closes on $6.4 million purchase of Tidewater’s Sussex wastewater utility

Artesian closes on $6.4 million purchase of Tidewater’s Sussex wastewater utility

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Artesian closes on $6.4 million purchase of  Tidewater’s Sussex wastewater utility
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Artesian Resources Corp.’s  subsidiary, Artesian Wastewater Management, Inc.,  closed on its $6.4 million purchase of  Tidewater Environmental Services, Inc. a regulated wastewater utility.

The acquisition  adds approximately 3,600 wastewater customers, seven wastewater facilities, and 13,000 acres of exclusive franchise territory to Artesian’s  systems in Sussex County.  “This transaction is in the best long-term interest of the TESI customers and our shareholders. Artesian is committed to serving its new and existing customers with integrity and reliability and in a manner that respects the environment and preserves the water cycle,” said Dian C. Taylor,  CEO of Artesian.

Artesian uses spray irrigation techniques to recycle treated effluent onto agricultural land, where it recharges and replenishes aquifers and provides water for crops.

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“We have invested millions in technological and infrastructure upgrades to ensure our processes are environmentally sustainable, cost-effective, safe and responsible. We share with Delaware’s residents a deep appreciation and understanding of our state’s critical habitats and natural resources,” Taylor said.

AWMI has provided wastewater services in Delaware for over two decades, disposing over 1.3 billion gallons of wastewater from homes and businesses throughout the state at six different facilities during 2021.
 

“Our acquisition of TESI will allow AWMI to obtain further operational synergies and regionalization of systems providing wastewater service in Sussex County, Delaware. That includes further optimization of our Sussex Regional Recharge Facility near Milton, which is well equipped to serve local businesses and rapidly growing communities in the area. I am confident that our operations will play a critical role in creating lasting solutions for wastewater management in an environmentally responsible way,” said David Spacht, president of Artesian Wastewater Management, Inc.

Artesian is based near Newark and operates water and sewage systems in Delaware and Cecil County, MD.

Tidewater is a subsidiary  of New Jersey-based Middlesex Water Co. The company operates water systems in portions of New Castle, Kent and Sussex counties.

 

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