AcquisitionsJun 30, 2026, 05:37 PM
Unitil Completes $55.8M Acquisition of Aquarion Water Companies
AI Summary
Unitil Corporation announced the completion of its acquisition of Aquarion Water Company of New Hampshire, Inc. and Abenaki Water Co., Inc. for $55.8 million, including assumed debt. This strategic move, funded by a term loan from Scotiabank, expands Unitil's regulated utility services into water within New Hampshire, adding approximately 11,000 customers. The company expects the acquisition to be earnings accretive over the long-term, supporting its 5% to 7% earnings per share growth target.
Key Highlights
- Unitil completed the acquisition of Aquarion Water Company of New Hampshire, Inc. and Abenaki Water Co., Inc.
- The purchase price was $55.8 million, including $13.7 million in assumed debt.
- The acquisition was funded through a term loan from Scotiabank.
- The acquired companies serve approximately 11,000 customers in eight New Hampshire communities.
- The Aquarion Companies' rate base is estimated at approximately $47.0 million as of December 31, 2025.
- Unitil now serves approximately 226,100 customers across New Hampshire, Maine, and Massachusetts.
- The acquisition is expected to be earnings accretive over the long-term, supporting 5% to 7% EPS growth.
Price Impact
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