Unitil Completes Purchase of Two Water Companies in New Hampshire from the Aquarion Water Authority
Unitil Corporation completed its acquisition of Aquarion Water Company of New Hampshire and Abenaki Water Co. from the Aquarion Water Authority for $55.8 million, marking the company's entry into regulated water utility service in New Hampshire. The acquired systems serve approximately 11,000 customers across eight New Hampshire communities with an estimated rate base of $47.0 million. The purchase was funded entirely through a term loan from Scotiabank.
Key figures
- Deal Value Usd
- 55800000
- Debt assumed
- 13700000
- Water customers
- 11000
- Acquired customers
- 11000
- Electric customers
- 110100
- Rate base estimate
- 47000000
- Natural gas customers
- 105000
- Long term eps growth target
- 5% to 7%
- Water distribution mains miles
- 150
- Total customers post acquisition
- 226100
AI analysis
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