McGuireWoods advised John Laing Group, a leading international investor and active manager of core infrastructure assets, on its financing for the acquisition of a Connecticut water system serving 735,000 people in 60 municipalities.
John Laing supported Aquarion Water Authority (AWA), which was formed by Connecticut lawmakers in 2024, in its purchase of the Aquarion Company from Eversource. John Laing’s role is part of a broader financing solution, which includes a public bond issuance led by Bank of America and included Barclays as an additional underwriter.
McGuireWoods partners Jake Spilman and Douglas Lamb led the deal team. Other key members of the deal team included counsel Clinton Randolph and Ryan Thompson, partner Robert Kaplan and associate Johnny Mac Yates.
“We were proud to assist John Laing with this transaction and for our continued partnership with John Laing,” Spilman said. “The deal reflects John Laing’s commitment to providing innovative financing to support essential infrastructure.”
McGuireWoods’ full-service team of lawyers work cohesively with colleagues in all of the firm’s groups to deliver end-to-end deal support tailored to each transaction.