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Announced

Aquarion to acquire Torrington for $80m.

Financials

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Transaction Value£60m
Consideration TypeOrdinary Shares
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Friendly

Majority

Water

Single Bidder

Domestic

United States

Pending

Acquisition

Private

water utilities

Synopsis

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Aquarion, a public water supply company, agreed to acquire Torrington, a water utility company, for $80m. "I am pleased with the transaction, as TWC and Aquarion share many common values and strategies, and look forward to working with Aquarion's leadership team on a smooth transition for our customers and employees," Susan Suhanovsky, Torrington President.

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