M&A Deal Summary

Eversource Energy Acquires Aquarion Water

On June 2, 2017, Eversource Energy acquired utilities company Aquarion Water for 1.7B USD

Acquisition Highlights
  • This is Eversource Energy’s 2nd transaction in the Utilities sector.
  • This is Eversource Energy’s largest (disclosed) transaction.
  • This is Eversource Energy’s 4th transaction in the United States.
  • This is Eversource Energy’s 1st transaction in Connecticut.

M&A Deal Summary
Date 2017-06-02
Target Aquarion Water
Sector Utilities
Buyer(s) Eversource Energy
Deal Type Add-on Acquisition
Deal Value 1.7B USD

Target

Aquarion Water

Monroe, Connecticut, United States
Aquarion Water Co., Inc. is a public water supply company for more than 625,000 people in 51 cities and towns throughout Connecticut, as well as serving customers in Massachusetts and New Hampshire. It is the largest investor-owned water utility in New England and among the seven largest in the U.S. Based in Bridgeport, Conn.

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Buyer(S) 1

Buyer

Eversource Energy

Springfield, Massachusetts, United States

website

Category Company
Sector Utilities
Employees9,626
Revenue 12.3B USD (2022)
DESCRIPTION

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.

DEAL STATS #
Overall 4 of 5
Sector (Utilities) 2 of 3
Type (Add-on Acquisition) 4 of 4
State (Connecticut) 1 of 1
Country (United States) 4 of 5
Year (2017) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-01 Ørsted - South Fork Revolution Wind and two New England offshore wind lease areas

Massachusetts, United States

Ørsted - South Fork, Revolution Wind, and two New England offshore wind lease areas include the following New England offshore wind projects: Revolution Wind (704MW) which will deliver power to Rhode Island (400MW) and Connecticut (304MW). The Revolution Wind lease area is located approx. 15 miles south of the Rhode Island coast. South Fork (approx 130MW): Located 35 miles east of Long Island, South Fork will interconnect into eastern Long Island where it will deliver power to households under a long-term power purchase agreement with the Long Island Power Authority. Two undeveloped New England lease areas, Massachusetts North and Massachusetts South, which can potentially be developed into significantly above 1GW offshore wind capacity.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-12 Eversource Energy - Nine Hydroelectric Facilities

Springfield, Massachusetts, United States

Eversource Energy - Nine Hydroelectric Facilities comprises Hydro Assets – 68.2 MW total nameplate capacity Amoskeag Hydro, Manchester; 16.0 MW Ayers Island, Bristol; 8.4 MW Canaan Hydro, West Stewartstown; 1.1 MW Eastman Falls, Franklin; 6.4 MW Garvins Falls, Bow; 12.1 MW Gorham Hydro, Gorham; 2.2 MW Hooksett Hydro, Hooksett; 1.6 MW Jackman Hydro, Hillsborough; 3.2 MW Smith Hydro, Berlin; 17.2 MW.

Sell $83M
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