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  6. SJW Group Acquires Connecticut Water

M&A Deal Summary

SJW Group Acquires Connecticut Water

On March 15, 2018, SJW Group acquired utilities company Connecticut Water for 740M USD

Acquisition Highlights
  • This is SJW Group’s 1st transaction in the Utilities sector.
  • This is SJW Group’s largest (disclosed) transaction.
  • This is SJW Group’s 1st transaction in the United States.
  • This is SJW Group’s 1st transaction in Connecticut.

M&A Deal Summary
Date 2018-03-15
Target Connecticut Water
Sector Utilities
Buyer(s) SJW Group
Deal Type Merger
Deal Value 740M USD
Advisor(s) Sullivan & Cromwell (Legal)

Target

Connecticut Water

Clinton, Connecticut, United States
Connecticut Water is a provider of high-quality drinking water and reliable service. Connecticut Water was founded in 1956 and is based in Clinton, Connecticut.

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Buyer(S) 1

Buyer

SJW Group

San Jose, California, United States
Category Company
Founded 1866
Sector Utilities
Employees822
Revenue 748M USD (2024)
DESCRIPTION

SJW Group is a water utility processing, distribution, wholesale and retail company. SJW Group was founded in 1866 and is based in San Jose, California.

DEAL STATS #
Overall 1 of 1
Sector: Utilities M&A 1 of 1
Type: Merger M&A Deals 1 of 1
State: Connecticut M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2018 M&A 1 of 1
Size (of disclosed) 1 of 1
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