Unitil Completes Purchase of Bangor Natural Gas Company

Core Points - Unitil Corporation has completed the acquisition of Bangor Natural Gas Company for a total purchase price of $70.9 million, plus an estimated$0.3 million for working capital [3] - The acquisition adds approximately 8,500 customers and expands Unitil's distribution network by 351 miles of pipelines, bringing the total customer base to around 207,000 across Maine, New Hampshire, and Massachusetts [2][4] - The acquisition was finalized after receiving necessary approvals from the Maine Public Utilities Commission, and it was first announced on July 8, 2024 [1][3] Company Overview - Unitil Corporation is a public utility holding company that provides electricity and natural gas services in New England, specifically in Maine, New Hampshire, and Massachusetts [4] - The company is committed to delivering safe, clean, reliable, and affordable energy, and it emphasizes community involvement and the development of efficient energy practices [4] - Following the acquisition, Unitil's operating utilities will serve approximately 109,400 electric customers and 97,600 natural gas customers [4]