Unitil Corporation Announces Acquisition of Aquarion Water Companies in Massachusetts and New Hampshire for $100 Million

Reuters
05-13
Unitil Corporation Announces Acquisition of Aquarion Water Companies in Massachusetts and New Hampshire for $100 Million

Unitil Corporation $(UTL)$ announced on May 6, 2025, that it has entered into a definitive agreement to acquire Aquarion Water Company of Massachusetts Inc., Aquarion Water Company of New Hampshire, Inc., and Abenaki Water Co., Inc. from the Aquarion Water Authority for $100 million. This transaction includes the assumption of approximately $30 million in debt and is subject to customary closing conditions and regulatory approvals. The acquisition will add approximately 330 miles of water distribution mains, serving around 12,000 customers in Massachusetts and 11,000 in New Hampshire. The deal is expected to close in late 2025, aligning with the sale of the ultimate parent company of the Aquarion Companies to the Aquarion Water Authority.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. UNITIL Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-25-117855), on May 12, 2025, and is solely responsible for the information contained therein.

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