Unitil Corp. (UTL) announced the completion of its acquisition of Maine Natural Gas Company from Avangrid on October 31, 2025. The total purchase consideration amounted to \(86.0 million in cash plus approximately \)7.1 million for working capital adjustments. Maine Natural Gas serves about 6,300 customers and has an estimated rate base of $69.0 million as of December 31, 2024. Following this transaction, Unitil serves approximately 213,300 customers across Maine, New Hampshire, and Massachusetts. Management characterizes the addition as highly complementary to existing operations.
To finance t
...