Mergers & Acquisitions ·
H2O America completes $540M acquisition of Quadvest Retail and Wholesale assets, doubling Texas connections
HTOH2O America
On October 1, 2026, H2O America completed the acquisition of substantially all assets of Quadvest Retail and Quadvest Wholesale for a base purchase price of $540 million. The transaction includes both regulated water and sewer utility operations (Regulated Business) and wholesale water services (Wholesale Business). This acquisition more than doubles H2O America’s water and wastewater connections in Texas, significantly expanding its footprint into the Houston region. Prior to closing, Texas customers represented 8% of the company's overall base; management projects this share will rise to 26% by 2029 as part of a strategy to build a stronger utility portfolio with double-digit customer growth potential. H2O America operates investor-owned water and wastewater utilities in the United States.