Ropes & Gray Represents Aquarion Company and Eversource Energy in its Acquisition of New England Service Company
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).