A look at Connecticut Water Service Inc.’s acquisition of Aqua Maine
A look at Connecticut Water Service Inc.’s acquisition of Aqua Maine (now Maine Water Co.) and Biddeford & Saco Water Co. The Connecticut utility’s decision to expand its customer base into a different regulatory and geographic area allows it to minimize risks (for example, a very wet summer in one region could be offset by a particularly dry one in another) and put more money into the hands of its investor-owners. The smaller Maine utilities benefit from the acquisition by increased access to capital. With a sidebar that discusses the problem of aging infrastructure for water utilities.
Water companies, Consolidation and merger of corporations
McCarthy, James, "A look at Connecticut Water Service Inc.’s acquisition of Aqua Maine " (2013). Maine News Index – MaineBiz. 5942.