Middlesex Water's subsidiary, Tidewater Utilities, acquired Pinewood Acres' water system, benefiting 360 customers with enhanced service and reliability.
Quiver AI Summary
Middlesex Water Company announced that its subsidiary, Tidewater Utilities, Inc. (TUI), has successfully acquired the water system assets serving 360 customers in Pinewood Acres, Delaware. TUI's president, Bruce E. Patrick, expressed excitement about welcoming the new customers and emphasized the company's commitment to providing safe and reliable water service. The acquisition received approval from the Delaware Public Service Commission, which allows TUI to operate the Pinewood Acres water utility. Pinewood Acres management highlighted that partnering with Tidewater will ensure reliable water service and enhance customer support. Customers in Pinewood Acres will receive further information from TUI soon, and updates will be available on their website.
Potential Positives
- Middlesex Water Company's subsidiary, Tidewater Utilities, has successfully acquired a water system serving 360 customers, expanding its operational footprint and customer base.
- The acquisition enhances local service reliability and provides Pinewood Acres residents with consistent regulatory oversight and expanded customer service options.
- The acquisition has received approval from the Delaware Public Service Commission, validating the strategic move and ensuring compliance with regulatory standards.
- Tidewater Utilities boasts over 60 years of service experience, indicating a strong reputation and capability to manage expanding community needs effectively.
Potential Negatives
- Potential concerns regarding the reliability of services during the transition period for new customers in Pinewood Acres could negatively impact customer trust.
- The acquisition may lead to scrutiny regarding the company’s ability to manage a larger customer base effectively, especially with the emphasis on maintaining service quality and community partnerships.
FAQ
What recent acquisition did Tidewater Utilities complete?
Tidewater Utilities acquired the water system assets serving 360 customers in Pinewood Acres, Delaware.
Who approved the acquisition of Pinewood Acres water assets?
The Delaware Public Service Commission approved Tidewater Utilities' acquisition of the Pinewood Acres water utility assets.
How many customers does Tidewater Utilities serve?
Tidewater Utilities serves approximately 62,000 customers across more than 480 communities in Delaware.
What is Tidewater Utilities’ commitment to Pinewood Acres residents?
Tidewater Utilities is committed to a smooth transition, ensuring safe and reliable water service for Pinewood Acres residents.
Where can Pinewood Acres customers find more information about the transition?
Pinewood Acres customers can find updates and resources at www.TUIWater.com and will receive information by mail.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
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Full Release
ISELIN, N.J., Jan. 30, 2026 (GLOBE NEWSWIRE) -- Middlesex Water Company (NASDAQ: MSEX) today announced that its subsidiary, Tidewater Utilities, Inc. (TUI), has completed the acquisition of the water system assets serving 360 customers in Pinewood Acres in Delaware.
“We are pleased to welcome Pinewood Acres residents into the Tidewater family,” said Bruce E. Patrick, President of TUI. “A smooth and transparent transition for our new Pinewood Acres customers is our top priority. Our team remains dedicated to delivering safe and reliable water service and to continue our long tradition of being strong partners to the communities we serve.”
Approval for the acquisition was granted by the Delaware Public Service Commission, authorizing TUI to become the owner and operator of the Pinewood Acres water utility assets.
“Partnering with Tidewater Utilities allows Pinewood Acres residents to enjoy the continued reliability and long-term performance of the water system with the benefit of consistent regulatory oversight, expanded customer service options, and the expertise of a long-standing Delaware water provider,” said Pinewood Acres Management. “We are confident this transition will help support the community’s long-term water needs.”
Pinewood Acres customers will receive additional information from TUI by mail in the coming weeks. Resources and updates will also be available at www.TUIWater.com.
About Tidewater Utilities, Inc.
Tidewater Utilities, Inc. (“Tidewater”), a wholly owned subsidiary of Middlesex Water Company, is celebrating over 60 years of service to Delawareans. Tidewater is the largest private water supplier south of the Chesapeake & Delaware Canal, operating 172 active wells and 85 water treatment facilities serving approximately 62,000 customers across more than 480 communities in New Castle, Kent, and Sussex counties.
About Middlesex Water Company
Middlesex Water Company (“Middlesex”) (NASDAQ: MSEX) is one of the nation’s leading investor-owned water and wastewater utilities. Founded in 1897, Middlesex provides essential water and wastewater services to more than half a million people in New Jersey and Delaware. The company is committed to operational excellence, superior customer experience, responsible infrastructure investment, and sustainable, strategic growth.
Media Contact:
Brian Hague, Vice President of Communications & Corporate Affairs
[email protected]
(732) 638-7549
