On December 31, 2014, United Water joined the Borough of Middletown, PA community and commenced operations of the water and sewer system. On “Day 1,″ Nadine Leslie, President of United Water Environmental Services welcomed six employees to the United Water Family who had previously worked for the Middletown Borough Authority. Leslie challenged the employees to “set an example” for environmental compliance and safety for the company which, she emphasized, has deeply rooted values and high standards in these areas.
Employees then appropriately underwent health and safety training before ceremoniously accepting their new personal protective equipment (PPE). Shortly thereafter, employees began their hard-hat-clad routine of delivering safe drinking water to Borough residents, and returning cleaned and treated wastewater to surrounding water bodies.
This team of employees is now part of a larger family with regional, national and global resources. They’re also part of a landmark deal to make the Borough debt free and set this small college town onto a path of revitalization and prosperity.
As part of the concession agreement, a joint venture of KKR and United Water made an initial $43 million payment to the Middletown Borough Authority to retire outstanding debt including an unfunded pension liability for Borough employees. According to a Borough Official, this will be the first time the Borough is debt free in over 50 years.
United Water and KKR have also committed to financing another $83 million in infrastructure improvements throughout the life of the 50-year contract. Indeed 6 underground infrastructure projects are already underway, including ones that will support transportation access to the Penn State Harrisburg campus – located in Middletown.
We’re excited to be a part of this historic partnership and usher in a great New Year for the residents of Middletown and our new employees.