M&A Deal Summary |
|
|---|---|
| Date | 2025-04-01 |
| Target | Maine Natural Gas |
| Sector | Utilities |
| Buyer(s) | Unitil |
| Sellers(s) | Avangrid |
| Deal Type | Divestiture |
| Deal Value | 86M USD |
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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 | 2 of 2 |
| Sector: Utilities M&A | 2 of 2 |
| Type: Divestiture M&A Deals | 2 of 2 |
| State: Maine M&A | 2 of 2 |
| Country: United States M&A | 2 of 2 |
| Year: 2025 M&A | 1 of 1 |
| Size (of disclosed) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-07-09 |
Bangor Natural Gas
Bangor, Maine, United States Bangor Natural Gas is a natural gas distribution company serving approximately 8,500 customers. Bangor owns and operates approximately 351 miles of distribution pipelines and nine miles of transmission pipelines. Bangor Natural Gas is based in Bangor, Maine. |
Buy | $71M |
Avangrid is a diversified energy delivery company. Avangrid was founded in 1997 and is based in Orange, Connecticut.
| 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: 2025 M&A | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
