SJW Lands Rare, Cross Country Water Utility Deal
On 15 March 2018, SJW Group (SJW) and Connecticut Water Service, Inc. (CTWS) announced plans to merge in an all-stock transaction, priced at US$750 million. The deal is pending regulatory approval and expected to close at the end of the 2018. This deal represents one of the largest investor-owned utility transactions since 2012.
Private participation in the U.S. municipal water sector continues to evolve. This deal is not only significant for it’s monetary value, but also because it reinforces the growing influence of smarter, digital water technologies.