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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.
Founded in 1866, San Jose Water is an investor owned public utility, and is one of the largest and most technically sophisticated urban water system in the United States. We serve over 1 million people in the greater San Jose metropolitan area with high quality, life sustaining water with an emphasis on exceptional customer service. SJW also provides services to other utilities including operations and maintenance, billing, and backflow testing. By sharing these services with others, we provide a benefit to the local community, lower the cost of water operations, improve opportunities, and earn a profit. SJW is owned by SJW Group., a publicly traded company listed on the New York Stock Exchange under the symbol SJW. SJW Group. also owns SJW Land Company, and SJWTX, Inc.
WaterOne is an independent public water utility. We`ve been proudly serving the Johnson County, Kansas area since 1957. Every day, over 400,000 customers rely on WaterOne to provide fresh, clean water on demand. It`s a responsibility we deliver on. Our passion is water because water touches everything we care about: family, health, safety, and community. We serve our community by bringing award-winning water to their homes, businesses, and public places.
Alka-Tech is a Indianola, IA-based company in the Energy and Utilities sector.
Damon S. Williams Associates, LLC is a Phoenix, AZ-based company in the Energy and Utilities sector.