JP Morgan-backed SouthWest Water completed the merger with water and wastewater businesses of BCI-backed Corix and created Nexus Water Group.

JP Morgan-backed SouthWest Water, an operator and manager of water and wastewater systems, completed the merger with water and wastewater businesses of British Columbia Investment-backed Corix, a provider of sustainable water, wastewater and energy utility infrastructure solutions and created Nexus Water Group. Financial terms were not disclosed. “As one company, SouthWest Water and Corix’s regulated utilities will have deeper resources and capabilities to invest in the sector for the long term. The infrastructure improvements we can make together as a combined company will ensure best-in-class service and high-quality water and wastewater services that are safe, reliable and sustainable. This is an exciting path forward as we build on our leadership in operating and investing in water and wastewater services, bringing long-term benefits for our customers, vital solutions to our communities and new career opportunities for our employees as part of a larger, stronger and more resilient organization," Rob MacLean, SouthWest Water President and CEO.