Unitil to Purchase Maine Natural Gas Company from Avangrid

4.01.25

11:17 am

Company News

Hampton, NH

Unitil Corporation today announced that it has entered into a definitive agreement to acquire Maine Natural Gas Company (“Maine Natural”) from Avangrid Enterprises, Inc., for $86.0 million on a debt-free basis, subject to adjustment for closing working capital and transaction expenses. Upon closing of the transaction, which is expected to occur by the end of 2025, Maine Natural will become a wholly owned subsidiary of Unitil. The transaction is subject to approval by the Maine Public Utilities Commission.

Info for Maine Natural Gas customers.

Read the full news release on our investor website.

About Unitil

Unitil Corporation provides energy for life by safely and reliably delivering electricity and natural gas in New England. We are committed to the communities we serve and to developing people, business practices, and technologies that lead to the delivery of dependable, more efficient energy. Unitil Corporation is a public utility holding company with operations in Maine, New Hampshire and Massachusetts. Together, Unitil’s operating utilities serve approximately 109,400 electric customers and 97,600 natural gas customers.

Media Contact

Alec O'Meara
Director, External Affairs

603-773-6404

omeara@unitil.com