Ropes & Gray represented Eversource Energy and its subsidiary Aquarion Company in an agreement to acquire New England Service Company (NESC). Aquarion, parent of Aquarion Water Company, and NESC entered into a definitive agreement whereby Aquarion will acquire all outstanding shares of NESC in exchange for Eversource common shares, and NESC will become a wholly-owned subsidiary of Aquarion. The transaction was announced on April 8. The press release is here.
Aquarion is a water supply company and holding company based in Bridgeport, Connecticut providing regulated water service to customers in Connecticut, Massachusetts, and New Hampshire. NESC is a holding company based in Plainville, Connecticut providing regulated water service to customers in Connecticut, Massachusetts, and New Hampshire.
The Ropes & Gray team that represented Eversource and Aquarion was led by mergers & acquisitions partner Marko Zatylny, and tax partner Pamela Glazier (both of Boston).
Stay Up To Date with Ropes & Gray
Ropes & Gray attorneys provide timely analysis on legal developments, court decisions and changes in legislation and regulations.
Stay in the loop with all things Ropes & Gray, and find our more about our people, culture, initiatives and everything that’s happening.
We regularly notify our clients and contacts of significant legal developments, news, webinars and teleconferences that affect their industries.