Aquarion is for sale, but who will buy it? Here’s a look at what’s next

As Eversource Energy continues to explore the sale of its Aquarion Water subsidiary, it’s unclear exactly how many companies may be interested in buying it. The purchase, however, will have a ripple effect across Connecticut with more than 236,000 customers in 72 municipalities across three states. Financial analysts have said the California-based corporate parent of Connecticut Water Co. is one of the likely suitors for the Bridgeport-based utility. Eversource acquired Aquarion for $1.675 billion in 2017. Another possibility is that Aquarion could be acquired by a private equity firm or a company that does infrastructure investment, according to Miller. One other scenario of Aquarion Water being acquired could involve the state of Connecticut.

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