Unitil Completes New Hampshire Water Company Acquisition
Unitil Corporation finalized its purchase of two Aquarion water companies in New Hampshire, closing a deal first announced in May 2025.
Unitil Corporation (NYSE: UTL) announced Tuesday that it has completed the acquisition of Aquarion Water Company of New Hampshire, Inc. and Abenaki Water Co., Inc. from the Aquarion Water Authority, expanding the Hampton, N.H.-based utility's footprint into the water services sector.
The Stock Purchase Agreement between Unitil and the Aquarion Water Authority was originally announced on May 6, 2025, but was subsequently amended to narrow the scope of the deal, limiting Unitil's purchase exclusively to the two New Hampshire-based water companies rather than a broader set of assets.
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All conditions required to close the transaction were materially satisfied as of the closing date, including regulatory sign-off from both the New Hampshire and Maine Public Utilities Commissions — a prerequisite that reflects the regional oversight governing utility operations in the area.
The acquisition marks a strategic diversification move for Unitil, a publicly traded utility historically focused on electricity and natural gas distribution. Adding water service operations positions the company to broaden its regulated revenue base amid ongoing consolidation trends across the U.S. utility industry.
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