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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.
Aqua Ventures DBA Culligan Water Systems is a Clute, TX-based company in the Energy and Utilities sector.
E.H. Wachs is a Lincolnshire, IL-based company in the Energy and Utilities sector.
North Water District Lab is a Conroe, TX-based company in the Energy and Utilities sector.
California Water Service Company (Cal Water) is the largest subsidiary of the California Water Service Group. Cal Water is the largest investor-owned American water utility west of the Mississippi River and the third largest in the country. Formed in 1926, the San Jose-based company serves more than 472,000 customers through 28 Customer and Operations Centers throughout the state.