The Firm represented J.P. Morgan Securities LLC, Janney Montgomery Scott LLC, RBC Capital Markets, LLC and Wells Fargo Securities, LLC (the “Agents”) in an SEC-registered at-the-market equity program pursuant to which shares of SJW Group’s (“SJW”) (NYSE: SJW) common stock, having an aggregate gross sales price of up to $100 million, may be sold from time to time by the Agents.
SJW Group is the second-largest investor-owned pure-play water and wastewater utility, based on estimated rate base, in the United States, providing water service to approximately 1.5 million people. SJW Group’s locally led and operated water utilities include San Jose Water Company in California, The Connecticut Water Company in Connecticut, The Maine Water Company in Maine and SJWTX, Inc. (dba Canyon Lake Water Service Company) in Texas.
The Simpson Thacher team included John C. Ericson and Anna Jarman (Capital Markets); Andrew Purcell (Tax); Larry Moss (Executive Compensation and Employee Benefits); Corina McIntyre (Intellectual Property); Timothy Gallagher (Real Estate); and Andrew Pagliughi (FINRA and Blue Sky).