Aquarion, a provider of water services in Connecticut, Massachusetts and New Hampshire backed by Eversource Energy, has purchased the Torrington Water Company, a water utility based in Torrington, Conn.
TWC provides water services to Connecticut customers in Torrington as well as parts of Burlington, Harwinton, Litchfield and New Hartford. TWC’s service area expands Aquarion’s footprint in northwestern Connecticut. The deal adds approximately 10,100 customers to Aquarion’s customer base.
“We are proud to welcome TWC’s dedicated employees to the Aquarion team. Both Aquarion and TWC have proud traditions dating back to the 1800s and this merger will ensure this history lives on and continues and will create long-term benefits for customers, employees, and the communities we serve,” says Donald Morrissey, president of Aquarion. “We will continue to make needed investments in this water system to ensure continued reliability and water quality for many decades to come.”
Ropes & Gray LLP served as counsel to Aquarion Company and Eversource Energy in the transaction. Boenning & Scattergood Inc. served as financial advisor to the Torrington Water Co. Pullman & Comley LLC served as counsel to the Torrington Water Co.