Artesian Water Company, Inc. Closes on the Acquisition of Town of Clayton Water System
May 26 2022 - 4:10PM
Artesian Water Company, Inc., a subsidiary of Artesian Resources
Corporation (Nasdaq: ARTNA), closed on the acquisition of the water
system of the Town of Clayton, Delaware on May 26, 2022. The sale
and transfer of assets from the Town of Clayton to Artesian Water
Company was approved by the Delaware Public Service Commission on
April 20, 2022.
For over 20 years Artesian has partnered with
the Town of Clayton, including the interconnection of multiple
water systems. This acquisition, which is the culmination of a long
established public-private relationship, strategically positions
Artesian to fully regionalize the water systems, enhance fire
protection, and provide reliability for existing customers and
future growth in this area. The Town of Clayton spans the border
between New Castle County and Kent County in the middle of
Delaware. Artesian’s Northern Kent Regional water system will now
provide water to over 7,000 residents, including 1,500 Clayton
customers, utilizing over 40 miles of main, 2 water treatment
plants, 5 wells, and 3 elevated water storage tanks. “Our
acquisition of the Clayton water system positions Artesian’s larger
regional system to grow alongside the town, which has multiple
residential and commercial projects under construction,” said Dian
C. Taylor, Chair and CEO.
Residents of Clayton will now have the benefit
of Artesian’s 24/7 emergency operations center and access to our
excellent customer service teams. Along with our open
communication, this strong collaboration will allow the transition
of the acquisition to be seamless for customers. “Our
long-standing relationship with Clayton made this acquisition a
natural fit. We are delighted that our approach to providing safe
drinking water to the citizens of Delaware now encompasses this
part of the state,” said Nicki Taylor, President of Artesian Water
Company.
This acquisition marks our eighth water system
acquisition over the past 6 years, including the water systems of
Slaughter Beach Water Company, High Point, Cantwell, Odessa,
Historic Fort DuPont, Frankford, and most recently, Delaware
City.
About Artesian
ResourcesArtesian Resources Corporation operates as a
holding company of wholly-owned subsidiaries offering water and
wastewater services, and a number of other related core services,
on the Delmarva Peninsula. Artesian Water Company, the principal
subsidiary, is the oldest and largest regulated water utility on
the Delmarva Peninsula, and has been providing water service since
1905. Artesian supplies 8.4 billion gallons of water per year
through 1,398 miles of water main to over a third of Delaware
residents.
Contact:Virginia EisenbreyCommunications(302)
453-6900veisenbrey@artesianwater.com
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