M&A Deal Summary

Connecticut Water Acquires The Maine Water

On January 1, 2012, Connecticut Water acquired utilities company The Maine Water from Essential Utilities for 54M USD

Acquisition Highlights
  • This is Connecticut Water’s 1st transaction in the Utilities sector.
  • This is Connecticut Water’s largest (disclosed) transaction.
  • This is Connecticut Water’s 1st transaction in the United States.
  • This is Connecticut Water’s 1st transaction in Maine.

M&A Deal Summary
Date 2012-01-01
Target The Maine Water
Sector Utilities
Buyer(s) Connecticut Water
Sellers(s) Essential Utilities
Deal Type Divestiture
Deal Value 54M USD

Target

The Maine Water

Rockport, Maine, United States
The Maine Water Co. is a provider of drinking water services.

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Buyer(S) 1

Buyer

Connecticut Water

Clinton, Connecticut, United States
Category Company
Sector Utilities
Revenue 117M USD (2018)
DESCRIPTION

Connecticut Water is a provider of high-quality drinking water and reliable service. Connecticut Water is based in Clinton, Connecticut.

DEAL STATS #
Overall 1 of 2
Sector (Utilities) 1 of 2
Type (Divestiture) 1 of 1
State (Maine) 1 of 1
Country (United States) 1 of 2
Year (2012) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-07 Heritage Village Water

Southbury, Connecticut, United States

Heritage Village Water Co. is a provider of water utilities serves about 4,700 water customers in the communities of Southbury, Middlebury and Oxford, Connecticut, and 3,000 wastewater customers in Southbury.

Buy -

Seller(S) 1

SELLER

Essential Utilities

Bryn Mawr, Pennsylvania, United States
Category Company
Founded 1886
Sector Utilities
Employees3,258
Revenue 2.1B USD (2023)
DESCRIPTION

Essential Utilities is a water, waste water and natural gas providers, serving approximately 5 million people across 9 states under the Aqua and Peoples brands. Essential represents an infrastructure company uniquely positioned to have a powerful impact on improving reliability, quality of life and economic prosperity for all. Essential Utilities was founded in 1886 and is based in Bryn Mawr, Pennsylvania.

DEAL STATS #
Overall 1 of 1
Sector (Utilities) 1 of 1
Type (Divestiture) 1 of 1
State (Maine) 1 of 1
Country (United States) 1 of 1
Year (2012) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-07-15 Spring Hill Water

Seattle, Washington, United States

Spring Hill Water Co. is a povider of water distribution services and also engages in preparation of municipal water systems.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-07 Crystal Clear Water

Illinois, United States

Crystal Clear Water Co., Inc. is a provider of water for 293 customer connections in unincorporated McHenry County, Illinois, adjacent to the City of Crystal Lake.

Buy -
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