Parties
Company
Waterloo North Hydro Inc.
Company
Kitchener-Wilmot Hydro Inc.
Government
City of Kitchener
Waterloo North Hydro entered into an agreement to merge with Kitchener-Wilmot Hydro to create a larger, local and publicly owned power utility that will provide reliable service, invest in new technologies, generate cost savings through operational efficiencies and keep local jobs in the communities across Ontario.
Ontario Energy Board approval was obtained on June 28, 2022.
Aird & Berlis LLP advised Waterloo North Hydro with a team led by Ron W. Clark (Energy) and including Dennis O’Leary (Regulatory/Environmental), Emily Chittick and Danielle Shields (Corporate), Michael Horvat (Labour & Employment) and Jill Fraser (Financial Services).
Borden Ladner Gervais LLP advised the City of Kitchener with a team led by J. Mark Rodger, Gian Minichini, and Rob Blackstein.
Gowling WLG advised Kitchener-Wilmot Hydro with a team led by F. John Durdan.
Deal Type
Merger & AcquisitionIndustry
EnergyTransaction
Undisclosed/ConfidentialDeal Status
ClosedClosing Date
01 September 2022