M&A
confidence high
sentiment positive
materiality 0.75
Unitil completes $55.8M acquisition of two NH water companies from Aquarion Water Authority
UNITIL CORP
- Purchase price $55.8M including $13.7M debt assumption; funded via Scotiabank term loan.
- Acquired companies serve ~11,000 customers with ~$47M rate base; adds to Unitil's 226,100 total customers.
- Deal expected to be earnings accretive, supporting long-term EPS growth of 5-7%.
- Original agreement amended to exclude Aquarion Water Company of Massachusetts; only AWC-NH and Abenaki acquired.
- Unitil borrowed $42.7M on June 30, 2026 under new $50M Tranche B loan for this acquisition.