Aquarion Company executed the non-binding memorandum of understanding to acquire New England Service Company, Inc. (OTCPK:NESW) from a group of sellers for $40.5 million on October 30, 2020. Aquarion Company entered into an agreement to acquire New England Service Company, Inc. on April 7, 2021. The agreement provides that the stockholders of NESC will receive 0.51208 shares of the common shares of Aquarion?s parent, Eversource Energy (NYSE: ES), in exchange for each share of NESC common stock. In connection with the exchange, Eversource Energy will issue approximately 0.5 million shares of its Common Stock at closing. Upon closing, NESC will become a wholly owned subsidiary of Aquarion. The transaction can be terminated under certain circumstances. In case of termination of the transaction, NESC may be required to pay a termination fee of $2 million and Aquarion Company will pay a termination fee of $0.5 million. Under the agreement, all NESC employees will be retained. The completion of the transaction will require approval by the stockholders of NESC. The transaction is also subject to Aquarion having received from NESC written resignations of the officers and directors of NESC, the registration statement will have become effective, the approval of regulatory authorities including Federal Communications Commission, including the Connecticut Public Utilities Regulatory Authority, Massachusetts Department of Public Utilities and New Hampshire Public Utilities Commission, obtaining approval for listing on the NYSE the Eversource common shares to be issued, Voting Agreements having been duly executed, no greater than five percent of the outstanding shares of NESC will have exercised appraisal rights, Aquarion having received a written opinion of Ropes & Gray LLP and satisfaction of several other conditions. A meeting of shareholders of NESC will be held on August 3, 2021. The transaction was unanimously approved by the Boards of Directors of both Aquarion and NESC. The transaction is expected to close in the fall of 2021. Boenning & Scattergood, Inc. acted as fairness opinion provider to the Board of Directors of NESW for a fee of $155,000. Cranmore, FitzGerald and Meaney acted as legal advisor to NESW. Marko Zatylny and Pamela Glazier of Ropes & Gray LLP acted as legal advisors to Aquarion and Eversource. Broadridge Financial Solutions, Inc. (NYSE:BR) is acting as solicitor for NESC for an estimated fee of approximately $10,000. Computershare Trust Company is the transfer agent for Eversource Energy. Morrow Sodali acted as the proxy solicitor to New England Service Company, Inc. and will receive a fee of 0.01 million. Aquarion Company completed the acquisition of New England Service Company, Inc. (OTCPK:NESW) from a group of sellers on December 1, 2021. In connection with the share exchange, Eversource Energy issued approximately 463,000 shares of Eversource Common Stock at closing. The acquisition follows the approval of the Connecticut Public Utilities Regulatory Authority, the Massachusetts Department of Public Utilities, and the New Hampshire Public Utilities Commission. The acquisition was also approved by NESC's stockholders in August 2021.