M&A Deal Summary |
|
|---|---|
| Date | 2024-07-09 |
| Target | Bangor Natural Gas |
| Sector | Utilities |
| Buyer(s) | Unitil |
| Sellers(s) | Hope Utilities |
| Deal Type | Divestiture |
| Deal Value | 71M USD |
SEARCH BY
Unitil provides energy for life by safely and reliably delivering natural gas and electricity in New England. Unitil was founded in 1984 and is based in Hampton, New Hampshire.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 2 |
| Sector: Utilities M&A | 1 of 2 |
| Type: Divestiture M&A Deals | 1 of 2 |
| State: Maine M&A | 1 of 2 |
| Country: United States M&A | 1 of 2 |
| Year: 2024 M&A | 1 of 1 |
| Size (of disclosed) | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2025-04-01 |
Maine Natural Gas
Brunswick, Maine, United States Maine Natural Gas is a natural-gas distribution utility that serves residential and commercial customers across central and mid-coast Maine. Maine Natural Gas was founded in 1999 and is based in Brunswick, Maine. |
Buy | $86M |
Hope Utilities is a holding company that owns natural gas and water distribution utilities across 7 states. Hope Utilities is based in Morgantown, West Virginia.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector: Utilities M&A | 1 of 1 |
| Type: Divestiture M&A Deals | 1 of 1 |
| State: Maine M&A | 1 of 1 |
| Country: United States M&A | 1 of 1 |
| Year: 2024 M&A | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
