H2O America Acquisition of Texas Water Co.
Sector: Power Transmission • Location: Magnolia, Texas, United States
Source: The Business Journals
H2O America is acquiring all assets of Magnolia-based water and wastewater utility Quadvest LP through its subsidiary, The Texas Water Co. Inc., and its affiliate, Texas Water Operation Services LLC, for $540 million. The acquisition will create the second-largest investor-owned water and wastewater utility in Texas. H2O America plans to invest more than $500 million in Texas over the next five ye
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Participants
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Company | Obfuscated Data |
Status
Original status | planned |
Taiyo status | Obfuscated Data |
Taiyo last update | 00-00-0000 |
Available timestamps | 00-00-0000 |
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Description
Description | H2O America is acquiring all assets of Magnolia-based water and wastewater utility Quadvest LP through its subsidiary, The Texas Water Co. Inc., and its affiliate, Texas Water Operation Services LLC, for $540 million. The acquisition will create the second-largest investor-owned water and wastewater utility in Texas. H2O America plans to invest more than $500 million in Texas over the next five years and increase its five-year capital spending plan to approximately $2.1 billion. |
Original sub-sector | Obfuscated |
Original Currency | USD |
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Procurement method | Obfuscated Data |
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Source
Source reliability | High |
Data quality score | 100% |
Source | Obfuscated Data |
URL | obfuscated_data,obfuscateddata.com |
More Details
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