Unitil to Acquire Bangor Natural Gas for $70.9 Million-February 2024-www.financetom.com

Unitil to Acquire Bangor Natural Gas for $70.9 Million

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Unitil to Acquire Bangor Natural Gas for $70.9 Million

Jul 9, 2024 5:26 AM

08:00 AM EDT, 07/09/2024 (MT Newswires) -- Unitil ( UTL ) said Tuesday it has agreed to buy Bangor Natural Gas from Hope Utilities' PHC Utilities unit for $70.9 million on a debt-free basis.

The deal, which requires the Maine Public Utilities Commission's approval, will likely close by the end of Q1 2025, Unitil ( UTL ) said.

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