Utilities Acquisitions in Connecticut

Showing 2 transactions.

  • Buyer
    Urbint
    Target
    WRM Software
    Industry
    Utilities
    Location
    Connecticut, United States
    Type
    Buyout

    Urbint has acquired WRM Software, a provider of utility incident management and storm response applications, making WRM a wholly owned subsidiary. The acquisition extends Urbint’s AI-driven risk platform to include storm response and incident management capabilities for utilities and critical infrastructure operators.

  • Buyer
    Aquarion Company, Eversource Energy
    Target
    The Torrington Water Company
    Seller
    The Torrington Water Company stockholders
    Industry
    Utilities
    Location
    Connecticut, United States
    Type
    Buyout

    Aquarion Company, the parent of Aquarion Water Company (a subsidiary of Eversource Energy), will acquire all outstanding shares of The Torrington Water Company in a stock-for-stock merger that will make TWC a wholly owned subsidiary of Aquarion. TWC shareholders will receive shares of Eversource Energy in a tax-free reorganization, and the deal is expected to close pending regulatory and stockholder approvals by the end of 2022.

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