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.
- 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.