Eversource’s $1.68B Water Deal Indicates Renewed Convergence of U.S. Critical Infrastructure
One 2 June 2017, Eversource Energy, New England’s largest energy provider, announced plans to acquire Aquarion Water, the region’s largest private water company for $1.68 billion. The two companies share a three-state service territory– Connecticut, Massachusetts and New Hampshire.
This deal highlights the growing interest of critical infrastructure providers in water. Consolidation of gas, power, and water assets is not a new phenomenon, but, given the state of municipal water infrastructure, investor-owned gas and power utilities like Liberty Utilities and People’s Natural Gas are exploring opportunities for portfolio diversification.
For more analysis, see our new report on water mergers and acquisitions.
Takeaways
- Eversource secures solid beachhead with new water market entry.
- Emerging trends of diversified IOUs rolling-up critical infrastructure assets.
- Eversource poised to build on new water footprint.
Companies Mentioned
American States // American Water // Aqua America // Aquarion Water // Artesian Resources // California Water Services // Citizens Energy Group // City of Indianapolis // Connecticut Water // EPCOR // Eversource Energy // Global Water Resources // Great Oaks Water // Hughes Gas Resources // Johnson Utilities // Kelda Group // Liberty Utilities // Macquarie Capital // Middlesex Water // San Gabriel Valley Water // San Jose Water // Southwest Water // Suez // Utilities Inc. // York WaterMore Research
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