GlobeNewswire·Jun 30, 2026, 5:36 PM ET

Unitil Completes Purchase of Two Water Companies in New Hampshire from the Aquarion Water Authority

Unitil Corporation completed the purchase of Aquarion Water Company of New Hampshire, Inc. & Abenaki Water Co., Inc. from the Aquarion Water Authority on June 30, 2026.
The transaction followed a Stock Purchase Agreement first announced on May 6, 2025, which was amended to limit the purchase to the two Aquarion Companies.
Regulatory approvals from the New Hampshire & Maine Public Utilities Commissions were received prior to closing.
The acquired water systems include approximately 150 miles of distribution mains serving 11,000 customers across eight New Hampshire communities.
The Aquarion Companies' rate base was estimated at $47.0 million as of December 31, 2025.
Unitil now serves approximately 226,100 customers total across New Hampshire, Maine, & Massachusetts.
The acquisition is expected to be earnings accretive long-term, supporting an earnings per share growth rate of 5% to 7%.
The total purchase price was $55.8 million, including $13.7 million in assumed debt, $0.6 million for working capital, & reimbursable capital expenditures.
Unitil funded the purchase via a term loan from Scotiabank.
Scotiabank & the law firm Dentons advised Unitil on the transaction.
Unitil operates as a public utility holding company delivering electricity, natural gas, & water in New England.