Unitil Corporation has completed the purchase of Aquarion Water Company of New Hampshire and Abenaki Water Co. from the Aquarion Water Authority. The purchase price was $55.8 million, including the assumption of approximately $13.7 million of debt, plus about $0.6 million for estimated working capital and reimbursable capital expenditures. The acquired water systems include roughly 150 miles of water distribution mains and serve approximately 11,000 customers in eight New Hampshire communities, with an estimated rate base of $47.0 million as of December 31, 2025. Unitil funded the acquisition through a term loan from Scotiabank and expects the deal to be earnings accretive over the long term, supporting its long-term earnings per share growth of 5% to 7%. With this acquisition, Unitil now serves approximately 226,100 customers across New Hampshire, Maine, and Massachusetts.
UNITIL CorporationUnitil completed a $55.8M acquisition expected to be earnings accretive and support long-term EPS growth.
Bank of Nova Scotia