Milbank LLP represented SouthWest Water Company in connection with the merger of the water and wastewater businesses of Corix Infrastructure (U.S.), Inc. and SouthWest Water Company to create Nexus Water Group, Inc., a leading regulated water and wastewater utility. The closing of the merger was completed on April 1, 2024.
The newly formed company is a regulated, private water and wastewater utility with local operations across 20 US states and two Canadian provinces. Nexus Water Group employs more than 1,300 professionals who serve more than 1.3 million people across North America. Local operations deliver vital, safe and reliable service through over 670 water systems and over 360 wastewater systems.
The Milbank M&A team was led by Global Corporate/M&A partner and co-head of Milbank’s Global Infrastructure practice John Franchini and Global Corporate/M&A partner Aaron Stine, along with special counsel Evelyn Liristis and associates Jennifer Lang, Bobby Sommers and Sarah Murray. The Milbank finance team was led by Global Project, Energy and Infrastructure Finance partner Jeffrey Leider along with special counsel Rhys Howard and associates Claudia Martin and Natália d'Avila. The Milbank team also included Alternative Investments partner Catherine Leef Martin and special counsel Megha Kalbag, and Tax partner Russell Kestenbaum and associate Michael Rivkin.
