Eversource Energy - M&A Summary and Business Overview

UtilitiesCompany

Eversource Energy M&A Summary

Eversource Energy has acquired 5 companies, including 1 in the last 5 years. It has also divested 3 assets.

Eversource Energy’s largest acquisition to date was in 2017, when it acquired Aquarion Water for $1.7B. It’s largest disclosed sale occurred in 2017, when it sold Eversource Energy - Nine Hydroelectric Facilities to Hull Street Energy for $83M. Eversource Energy has acquired in 3 different US states. The Company’s most targeted sectors include utilities (60%) and construction (20%).

Eversource Energy Business Overview

Where is Eversource Energy headquartered?

Eversource Energy is headquartered in Springfield, Massachusetts.

What is Eversource Energy’s revenue?

Eversource Energy disclosed revenue of 11,911M USD for 2023 and 12,289M USD for 2022.

How many employees does Eversource Energy have?

Eversource Energy has 10,000 employees.

What sector is Eversource Energy in?

Eversource Energy is an utilities company.

M&A Summary

  • M&A Total Activity8
    • M&A Buy Activity5
    • M&A Sell Activity3
  • Total Sectors Invested 3
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 5
  • M&A Advisors 3

Eversource Energy

Eversource Energy

300 Cadwell Drive,
Springfield, Massachusetts 01104
United States,
(800) 286-5000
www.eversource.com

Eversource Energy operates new england's utility system serving more than 3.6 million electric and natural gas customers in Connecticut, Massachusetts and New Hampshire. Eversource Energy is headquartered in Springfield, Massachusetts.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 4 1 - - - - 5
vol $1.7B $1.7B
Sell (0.0/yr) # 3 - - - - - 3
vol $94M $94M
  8

Most Recent M&A

Company Date Value Type
Columbia Gas of Massachusetts 2020-02-26 - Divestiture
Westborough, Massachusetts · www.columbiagasma.com
Eversource Energy - Nine Hydroelectric Facilities 2017-10-12 83M USD Divestiture
Springfield, Massachusetts
Eversource Energy - Three Fossil Generation Facilities 2017-10-12 - Divestiture
, United States
Aquarion Water Co., Inc. 2017-06-02 1.7B USD Add-on Acquisition
Monroe, Connecticut
Ørsted - South Fork, Revolution Wind and two New England offshore wind lease areas 2016-01-01 - Add-on Acquisition
, Massachusetts
E.S. Boulos Company, Inc. 2015-04-13 11M USD Divestiture
Westbrook, Maine · www.esboulos.com
NSTAR LLC 2012-04-10 - Add-on Acquisition
Westwood,, Massachusetts · www.nstar.com
E.S. Boulos Company, Inc. 2001-01-01 - Add-on Acquisition
Westbrook, Maine · www.esboulos.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Utilities 3 (60%) 1.7B (100%) 2 (67%) 83M (88%)
Construction 1 (20%) - 1 (33%) 11M (12%)
Renewable Energy 1 (20%) - - -
Total 5 $1.7B 3 $94M

By Geo

State/Country Buy Value Sell Value
United States 5 1.7B 3 94M
  Massachusetts 3 - 1 83M
  Maine 1 - 1 11M
  Connecticut 1 1.7B - -
Total 5 $1.7B 3 $94M

Top M&A Advisors

Financial Deals
Evercore Group
1
Goldman Sachs
1
Legal Deals
Ropes & Gray
2

Deal Values

buy # Total
> $1B 1 $1.7B
TOTAL $1.7B
Largest Aquarion Water Co., Inc.
$1.7B (2017-06-02)
sell # Total
< $100M 2 $94M
TOTAL $94M
Largest Eversource Energy - Nine Hydroelectric Facilities
$83M (2017-10-12)

M&A Connections

Deals
Acquired from
Strategic(s)
20%
1 (20%)
Divested to
Investor(s)
33%
1 (33%)
Strategic(s)
67%
2 (67%)

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