SJW Group, Hydro Sub, Inc. and Connecticut Water Service, Inc. Announce Appointment of New Directors
October 09, 2019 at 04:35 pm EDT
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On October 9, 2019, according to the Second Amended and Restated Agreement and Plan of Merger, dated as of August 5, 2018, by and among SJW Group, Hydro Sub Inc. and Connecticut Water Service Inc. (CTWS), the company completed the previously announced acquisition of CTWS through the merger of Merger Sub with and into CTWS, with CTWS surviving the Merger as a wholly owned subsidiary of the company. In connection with the Merger and pursuant to the terms of the Merger Agreement, as of the Effective Time, the board of directors of the Company was expanded by three seats and Mary Ann Hanley, Heather Hunt and Carol P. Wallace were appointed as directors of the Company. As of the Effective Time, Mary Ann Hanley was appointed as a member of the Nomination & Governance Committee and Audit Committee, Heather Hunt was appointed as a member of the Nominating & Governance Committee and Executive Compensation Committee, and Carol P. Wallace was appointed as a member of the Sustainability Committee and Finance Committee.
SJW Group is a water and wastewater utilities company providing water service. The Company operates through four wholly owned subsidiaries, namely, San Jose Water Company (SJWC), SJWNE LLC, SJWTX Holdings, Inc., and SJW Land Company. SJWNE LLC is a special purpose entity holding company for Connecticut Water Service, Inc. (CTWS) (and its wholly owned subsidiaries, The Connecticut Water Company (CWC), The Maine Water Company (MWC), Chester Realty, Inc. and New England Water Utility Services, Inc. (NEWUS)). SJWTX Holdings, Inc. is the holding company for SJWTX, Inc., doing business as The Texas Water Company (TWC), Texas Water Operation Services, LLC (TWOS) and Texas Water Resources, LLC (TWR). The Company, through its wholly owned subsidiaries, primarily provides water utility and other related services in California, Connecticut, Maine and Texas. SJW Group has business in property management and real estate investment activity conducted by SJW Land Company and Chester Realty, Inc.
SJW GROUP 
