Date Announced

August 29, 2022

Lead Office

Toronto

On August 29, 2022, Corix Infrastructure, Inc. (“Corix”), a portfolio company of the British Columbia Investment Management Corporation, and SouthWest Water Company (“SouthWest Water”), a portfolio company of a private investment fund, announced that they have entered into a definitive agreement under which SouthWest Water and Corix’s water and wastewater businesses will combine in a merger of equals to create a leading regulated water and wastewater utility. The combined company will have more than 1,300 employees serving more than 1.3 million people across 20 U.S. states and two Canadian provinces. The increased scale and enhanced financial foundation of the combined company will facilitate long-term investments required to continue to grow and provide water and wastewater services in these communities.

McCarthy Tétrault is acting as Canadian counsel to the private investment fund with a team led by Jonathan See and Jessica Brown that includes Hailey Schenker, Maria Rooney, Ashley Wilson and Matthew Hooker (Business), Gordon Nettleton and Robin Sirett (Environmental and Regulatory), Debbie Salzberger and Kate McNeece (Competition), Raj Juneja and Matthew Kraemer (Tax), Lyndsey Delamont (Litigation), Vincent Yip (Intellectual Property and Technology), Danielle Douglas (Labour and Employment), Deron Waldock (Pension and Benefits), Elizabeth Rafferty and Morris Choy (Real Property and Planning).