Wastewater System Sale Proposed for New Jersey-American Water
Township of GloucesterCity · Laurel Springs, NJ- Disclosed value
- $143,000,000 purchase price; plus $200,000 Township Transaction Costs Payment ($66,667 upon execution and $133,333 at Closing); 5% of Purchase Price deposit
- From contract
- Document date
- Nov 11, 2026
The 30-second brief
Gloucester Township proposes to sell its wastewater collection and conveyance system to New Jersey-American Water Company, Inc. for $143 million. The buyer would also pay $200,000 in Township transaction costs and assume post-closing operation, maintenance, service, and capital-improvement obligations, subject to required approvals and closing conditions.
New Jersey-american Water Company Inc holds this utilities contract with Township of Gloucester. Its other public contracts on record include work for NJ Board of Public Utilities.
Term as filed: Closing 45 days after satisfaction of the last closing condition; all closing conditions must be completed no later than 15 months following the Agreement date or adoption of the Municipal Consent, whichever is later.
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Contract details
- Contract type
- Utilities
- Amount
- $143,000,000 purchase price; plus $200,000 Township Transaction Costs Payment ($66,667 upon execution and $133,333 at Closing); 5% of Purchase Price deposit
- Document date
- November 11, 2026
- Term
- Closing 45 days after satisfaction of the last closing condition; all closing conditions must be completed no later than 15 months following the Agreement date or adoption of the Municipal Consent, whichever is later
- Agency
- Township of Gloucester
- Source document
- Sewer Utility Draft Agreement of Sale between Gloucester Township and New Jersey American Water (Contract)
New Jersey-american Water Company Inc's other public contracts
More Township of Gloucester contracts
Questions about this contract
Who was awarded the utilities contract by Township of Gloucester?
New Jersey-american Water Company Inc was awarded this utilities contract by Township of Gloucester, as recorded on November 11, 2026. The contract value is $143,000,000 purchase price; plus $200,000 Township Transaction Costs Payment ($66,667 upon execution and $133,333 at Closing); 5% of Purchase Price deposit.
How much is the New Jersey-american Water Company Inc contract with Township of Gloucester worth?
The New Jersey-american Water Company Inc contract with Township of Gloucester is valued at $143,000,000 purchase price; plus $200,000 Township Transaction Costs Payment ($66,667 upon execution and $133,333 at Closing); 5% of Purchase Price deposit, covering utilities work.
What type of contract is this?
This is a Utilities contract, documented as a contract record.
Where was this contract approved?
This contract appears in Sewer Utility Draft Agreement of Sale between Gloucester Township and New Jersey American Water (Contract), dated November 11, 2026 from Township of Gloucester. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does New Jersey-american Water Company Inc hold?
New Jersey-american Water Company Inc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is Township of Gloucester currently buying?
Explore Township of Gloucester's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.
