Group 1 - H2O America has agreed to acquire Quadvest's assets for $540 million, which will help the company expand its operations in the rapidly growing Texas market [1] - The acquisition will be completed through Texas Water Company (TWC) and Texas Water Operations Services Company, funded by private debt and equity, and is expected to close by mid-2026, pending regulatory approval [1] - The CEO of H2O America stated that integrating Quadvest into TWC provides a strategic opportunity for business diversification and expansion in one of the fastest-growing regions in the U.S. [1] Group 2 - Quadvest is one of the largest water and wastewater treatment companies in Texas, operating over 50 water plants and 27 wastewater treatment facilities [2] - The acquisition will enable H2O America to expand from San Antonio and Austin to the Greater Houston area, with plans to invest over $500 million in Texas over the next five years [2] - H2O America operates other water businesses in Connecticut, Maine, and California, and recently underwent a rebranding from its previous name, SJW Group [2] Group 3 - The U.S. water utility market is experiencing a trend of mergers as companies seek economies of scale to fund the significant investments needed for upgrading aging infrastructure [1] - The value of announced water utility transactions in 2025 has increased by approximately 20%, reaching $7 billion, including Eversource Energy's $2.4 billion sale of Aquarion Water Co. [1]