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Aquarion Water Authority acquires Eversource's water services

PRIVATEAug 22, 2026about 3 hours ago

Acquiring Company

Aquarion Water Authority

Acquired Company

Eversource Energy

ConnecticutHartfordWaterWater PurificationEnergyOil And GasReal EstateRenewable EnergyBiomass Energy

Description

Aquarion Water Authority has completed its $2.4 billion acquisition of Eversource's water services, significantly impacting over 1 million residents in Connecticut. This deal marks a shift in water management as a quasi-public agency takes control from the private entity. Local officials have expressed concerns regarding governance and rate increases, as AWA will not be subject to the same state regulations. The acquisition is set to reshape water utility operations in the region.

Company Information

Company

Aquarion Water Authority

Location

Monroe Turnpike

Connecticut, United States

About

The Aquarion Water Authority is a quasi-public corporation created by the state of Connecticut specifically for the purpose of acquiring Aquarion Water Company. It is formed to manage the water and wastewater services previously operated by Eversource, and it will benefit from tax-exempt bonding and will not need to charge customers a return on equity for its services.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
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Frequently asked

Who acquired Eversource Energy?

Eversource Energy was acquired by Aquarion Water Authority, based in Connecticut. The deal was reported on August 22, 2026. The Aquarion Water Authority is a quasi-public corporation created by the state of Connecticut specifically for the purpose of acquiring Aquarion Water Company. Aquarion Water Authority is privately held and operates in Water.

When did Aquarion Water Authority acquire Eversource Energy?

Aquarion Water Authority's acquisition of Eversource Energy was reported on August 22, 2026. Aquarion Water Authority has completed its $2.4 billion acquisition of Eversource's water services, significantly impacting over 1 million residents in Connecticut. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Eversource Energy do?

We offer a variety of programs to connect you with assistance, help you use less energy and manage your energy costs. Helping our friends and neighbors goes beyond the safe delivery of electricity, natural gas and water. It is publicly traded (ES), operating in Energy, and is based in Hartford.

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