The wave of mergers and acquisitions in the American water industry adds a new case! H2O America (HTO.US) spends $540 million to acquire Texas-based competitor Quadvest.

Zhito Finance and Economics APP learned that H2O America (HTO.US) has agreed to acquire the assets of competitor Quadvest, a water and wastewater treatment company, for $540 million. This acquisition will help the company expand its business in the rapidly growing market in Texas. According to a statement released on Tuesday, the acquisition will be completed through its subsidiary Texas Water Company (TWC) and Texas Water Operations Services Company. The transaction will be funded by a combination of private equity and bond investments, and is expected to be completed by mid-2026, pending regulatory approval.