---
title: "Unitil Closes Aquarion NH and Abenaki Purchase, Secures $136 Million Credit and Transition Services"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/291975331.md"
description: "Unitil closed its acquisition of Aquarion's New Hampshire and Abenaki operations for $42.1 million plus working capital, narrowing the scope via a fourth amendment. To fund the deal, Unitil secured an amended $136 million credit facility with Bank of Nova Scotia, drawing $42.7 million at closing. Additionally, the company entered a transition services agreement with Aquarion and Eversource Energy to ensure operational continuity for up to 60 months."
datetime: "2026-07-07T20:33:12.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/291975331.md)
  - [en](https://longbridge.com/en/news/291975331.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/291975331.md)
---

# Unitil Closes Aquarion NH and Abenaki Purchase, Secures $136 Million Credit and Transition Services

Unitil narrowed its Aquarion transaction to New Hampshire and Abenaki operations via a fourth amendment to the purchase agreement, then closed the deal on June 30, 2026 for $42.1 million in cash plus about $0.6 million for working capital and reimbursable capex. To support funding, Unitil entered an amended and restated credit agreement with Bank of Nova Scotia, providing up to $136 million across two tranches and drew $42.7 million at closing. The company also signed a transition services agreement with Aquarion Water Authority and Eversource Energy for up to 60 months to ensure operational continuity. Together, these agreements streamline the acquisition scope, secure financing, and stabilize post-close operations.

**Agreement 1: Unitil Narrows Aquarion Purchase to NH and Abenaki; $42.7 Million Consideration**

-   **Agreement type**: Amendment No. 4 to Purchase and Sale Agreement
-   **Counterparty**: Aquarion Water Authority and South Central Connecticut Regional Water Authority
-   **Signed / Effective**: Jun 30 2026 / same
-   **Duration / Termination**: At will
-   **Reason**: Refocus acquisition scope on NH and Abenaki assets

**Agreement 2: Unitil Secures Up to $136 Million Amended Credit Facility With Bank of Nova Scotia**

-   **Agreement type**: Amended and Restated Credit Agreement (senior unsecured delayed draw term loans)
-   **Counterparty**: Bank of Nova Scotia
-   **Signed / Effective**: Jun 30 2026 / same
-   **Duration / Termination**: Through Jun 30 2027
-   **Reason**: Finance acquisitions and enhance liquidity

**Agreement 3: Unitil, Aquarion and Eversource Sign Up-To-60-Month Transition Services Agreement**

-   **Agreement type**: Operating and Transition Services Agreement (up to 60 months)
-   **Counterparty**: Aquarion Water Authority and Eversource Energy
-   **Signed / Effective**: Jun 30 2026 / same
-   **Duration / Termination**: Up to 60 months
-   **Reason**: Ensure seamless post-close operations and transition

Original SEC Filing: UNITIL CORP \[ UTL \] - 8-K - Jul. 07, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

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