Announced
Completed
Financials
Tags
United States
utility
Multi-Utilities
Single Bidder
Friendly
Completed
Acquisition
Domestic
Private
Majority
Synopsis
Hope Gas, an energy transportation company, completed the acquisition of West Virginia gas utility assets from Essential Utilities, an utility company. Financial terms were not disclosed. “The West Virginia customer base was the smallest of any state in which we operate. This sale is a win-win for Essential and our customers. Hope Gas has a significant presence in their state, and Essential’s teams will now focus on states where we do the majority of our work,” Chris Franklin, Essential Utilities Chairman and CEO.
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