M&A
confidence high
sentiment positive
materiality 0.85
Unitil to acquire three water utilities from Aquarion Water Authority for $100M
UNITIL CORP
- Purchase price $100M includes ~$30M assumed debt; acquisition expected to close in late 2025.
- Aquarion Companies serve ~23,000 customers across 15 communities in MA and NH; rate base ~$78M (2024).
- Transaction is expected to be earnings accretive over the long term, supporting 5%-7% EPS growth.
- Debt financing committed from Scotiabank via $100M senior unsecured delayed-draw term loan facility.
- Regulatory approvals needed from MA, NH, and ME public utilities commissions.