Utilities Acquisitions in Connecticut
Showing 2 transactions.
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- 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.
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March 8, 2022
- 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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