# Algonquin Power & Utilities to acquire Bermuda Electric Light Company for $365M

Algonquin Power & Utilities Corp. agreed to acquire Ascendant Group Limited, parent of Bermuda Electric Light Company, for $365 million in cash. The transaction is expected to close in late 2019.

- Type: Acquisition
- Announced: 2019-06-03
- Where: Bermuda, Bermuda
- Value: $365.0M
- Status: announced
- Products: electric generation, transmission and distribution services
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Algonquin Power & Utilities Corp.](https://endata.com/companies/39773.md) (acquirer)
- [Ascendant Group Limited](https://endata.com/companies/39774.md) (target)
- [Bermuda Electric Light Company](https://endata.com/companies/39775.md) (target)

## Sources

- [prnewswire.com](https://www.prnewswire.com/news-releases/algonquin-power--utilities-corp-agrees-to-acquire-bermuda-electric-light-company-300860598.html), 2019-06-03: "Transaction continues APUC's growth program through further expansion of its regulated utility business in a high quality jurisdiction."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.