S&C represents Connecticut Water Service, Inc. in its definitive agreement with SJW Group to combine through a merger of equals. The combined company will have a pro forma equity value of approximately $1.9 billion and become the 3rd largest investor-owned water and wastewater utility in the United States. The S&C team on the transaction was led by Joseph Frumkin and Audra Cohen, along with Tia Barancik and Lauren Boehmke. Rebecca Coccaro advised on executive compensation and benefits matters.