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Aquarion Water Company Finalizes Purchase of Pinehills Water System in Plymouth, MA
Aug 2, 2023
by
Peter Fazekas
Connecticut
PLYMOUTH, Mass. – August 2, 2023 – Aquarion Water Company today announced the finalization of the company's acquisition of the Pinehills Water Company's community water system in Plymouth, MA. Since December 2021, Aquarion has successfully purchased and integrated 11 individual water systems across Massachusetts and New Hampshire.
"Today marks a significant milestone for our company as we welcome The Pinehills community into the Aquarion family," said Donald Morrissey, President of Aquarion Water Company. "This acquisition represents a significant addition to our expanding investment in Massachusetts and stands as the largest acquisition outside of Connecticut in over two decades. We look forward to delivering reliable, high-quality drinking water to our new customers and are proud to play a role in the continued success of The Pinehills."
"We are pleased to have Aquarion Water Company joining The Pinehills," said Deborah Sedares, President of Pinehills LLC. "Aquarion, with its proven expertise and exemplary customer service, is a perfect fit for The Pinehills and will continue to provide high-quality drinking water for our residents and businesses."
The Pinehills' Plymouth, MA-based water system currently serves 2,700 customer connections, with an anticipated full build-out of approximately 3,100 customer connections upon completion of the community. The system's $15 million purchase price included all existing water infrastructure, such as water mains, hydrants, wells, pumping stations, and tanks. Rates for water service will not change as a result of the acquisition. The acquisition was approved by the Massachusetts Department of Public Utilities (DPU) on June 15, 2023.
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About Aquarion Water Company
Aquarion Water Company is the public water supply company for more than 750,000 people in 72 cities and towns in Connecticut, Massachusetts and New Hampshire. It is the largest investor-owned water utility in New England and among the seven largest in the U.S. Based in Bridgeport, CT, Aquarion has been in the public water supply business since 1857. Across its operations, Aquarion strives to act as a responsible steward of the environment and to assist the communities it serves in promoting sustainable practices. Aquarion Water Company is a wholly-owned subsidiary of Eversource.