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SJW Group (NYSE: SJW) and Connecticut Water Service, Inc. (NASDAQ: CTWS) have entered a definitive agreement to create the 3rdlargest investor-owned water and wastewater utility in the United States. The new company will serve more than 1.5 million people with over 700 employees across California, Connecticut, Maine and Texas. The combined company would have had operating revenue of approximately $496 million and recurring net income of $74 million based on a 2017 pro forma basis.
Sierra Nevada Alliance is a South Lake Tahoe, CA-based company in the Energy and Utilities sector.
Shenandoah Valley Water Co is a Staunton, VA-based company in the Energy and Utilities sector.
YMD Joint Water is a Stoneville, MS-based company in the Energy and Utilities sector.
Aqua Ventures DBA Culligan Water Systems is a Clute, TX-based company in the Energy and Utilities sector.