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Connecticut Water’s acquisition of Aqua Maine approved

   The state of Maine’s Public Utility Commission (PUC) has approved the acquisition of Aqua Maine, Inc., a subsidiary of Aqua America, Inc. (Bryn Mawr, PA), by Connecticut Water Service, Inc. (Clinton, CT) for $53.5 million. Under the terms of PUC’s approval, Aqua Maine, which will henceforward operate under the name “The Maine Water Company,” will not seek a rate increase for any of its divisions during 2012. Another key condition was that Aqua Maine’s customer information system and customer service policies and procedures will remain in effect after the closing of the deal. “Connecticut Water will leverage the acquisition of Aqua Maine into a solid platform that will allow us to continue expansion throughout the region and along the East Coast,” said Eric Thornburg, chairman, president, and CEO of Connecticut Water. “As we continue to grow, Connecticut Water will benefit from regulatory and weather diversification by establishing operations in other states.”

Last Updated on Tuesday, 17 January 2012
 

Weekly Archives

Week 20, 2012

Clean Harbor Q1 revenue grows 32%
Report: VC investment in water technology up
Smithers to acquire Environmental Sciences Group
IHS acquires XēDAR
Air and water instrument market to exceed $14.1 billion
Thomas & Betts shareholders approve sale to ABB
Walter P Moore acquires Dodson & Associates
Oman to spend $7.53 billion on water infrastructure
EPA, Commerce launch environmental export initiative
Feds approve $200 million sewage tunnel for Honolulu
EBJ Business Achiever of the Week: POWER Engineers

Week 19, 2012

American Water, Aqua America complete asset exchange
B&W receives go-ahead for WTE plant in Florida
Tetra Tech to acquire Brazilian engineering practice
Report: “frack” water management market to reach $9 billion by 2020
HDR acquires Stetson Engineering
EQ acquires Alabama-based TSD facility
Veolia Water to build, operate New Delhi treatment plant
United Water to manage N.Y. county wastewater assets
Aerostar Environmental acquired by BBNC
FMC Corp. forms environmental division
EBJ Business Achiever of the Week: EcoAnalysts

Week 18, 2012

Portage/Perma-Fix teams wins LANL task orders
NanoH2O raises $60.5 million in financing
AECOM, CDP to partner in cities report
B&W wins $150 million pollution control contract
IHS to continue support for federal hazwaste programs
HCCI prices offering at $20.50 per share
EPA issues CAA standards for oil/natural gas production
EBJ Business Achiever of the Week: Tetra Tech

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