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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.
Placer County Water Agency is the primary water resource agency for Placer County, California. PCWA carries out a broad range of responsibilities including water resource planning and management, retail and wholesale supply of irrigation water and drinking water and production of hydroelectric energy in Placer County's 1,500 square mile area. Created in 1957 under its own state legislative Act entitled the “Placer County Water Agency Act,” PCWA is self-governed with policy and regulatory decisions determined by an independently elected five member Board of Directors.
Mr Water is a Hastings, NE-based company in the Energy and Utilities sector.
San Gabriel Valley Water Co is a El Monte, CA-based company in the Energy and Utilities sector.
Bonita Springs Utilities is a Bonita Springs, FL-based company in the Energy and Utilities sector.