SJW Group/SJWTX (Canyon Lake Water Service Company) Acquires Kendall West and Bandera East Water Utilities

SJW Group Subsidiary SJWTX Acquires Texas Country Water

January 25, 2022

Utilities

SJW Group’s Texas subsidiary, SJWTX Inc. (dba Canyon Lake Water Service Company), has closed the acquisition of Texas Country Water (TCW) in Comal County, Texas. The acquisition — the fourth Texas purchase by SJWTX in the past 12 months — adds more than 100 customers to SJWTX’s footprint as the company continues geographic expansion and infrastructure investment in the Austin–San Antonio growth corridor.

West Virginia American Water Acquires Jefferson Utilities

October 2, 2023

Utilities

West Virginia American Water, a subsidiary of American Water, completed the acquisition of Jefferson Utilities (including assets of Valley Water and Sewer Services, Shenandoah Junction Public Sewer and East Jefferson Sewer Services) for $27 million. The combined systems serve 3,978 customer connections across Jefferson, Berkeley and Morgan counties; the buyer plans infrastructure updates and will transition customers to West Virginia American Water service and PSC-established rates. The seller/owner, Lee Snyder, is retiring after building the systems over 25 years.

Argonaut Private Equity Acquires Bandera Utility Contractors

May 4, 2022

Construction

Argonaut Private Equity, a Tulsa-based private equity firm, has acquired Bandera Utility Contractors, an underground wet-utility contractor headquartered in McKinney, Texas. The deal is the second investment from Argonaut's Fund V and is intended to accelerate Bandera's growth and operational expansion across Texas.

Bennett (Bennett West) Acquires California Water Services

February 19, 2026

Environmental Services

Bennett West (a Pike Street Capital portfolio company) made a strategic add-on investment in California Water Services (CWS), a Coalinga, California provider of irrigation and municipal water treatment services, including its Green Leaf Ag division. The deal expands Bennett's water-treatment and irrigation capabilities across California's Central Valley and aligns with Pike Street Capital's sector-focused add-on strategy to broaden platform services and accelerate organic growth.

Azuria Water Solutions Acquires TSW Utility Solutions, AM-Liner East and C.K. Masonry

April 21, 2025

Industrial Services

Azuria Water Solutions has acquired TSW Utility Solutions, Inc., AM-Liner East, Inc., and C.K. Masonry Company, Inc., expanding its infrastructure maintenance and trenchless rehabilitation capabilities across multiple U.S. states. The additions broaden Azuria's regional footprint and technical capabilities in potable pipeline, trenchless pipeline and manhole/wet well rehabilitation.

VSS-backed The HFW Companies Acquires Southwest Engineers

May 8, 2025

Engineering Services

The HFW Companies, a St. Louis-based architecture and engineering (AE) platform backed by VSS Capital Partners, has acquired Southwest Engineers, a Texas-based civil engineering firm specializing in wastewater treatment and water storage. Financial terms were not disclosed; the deal marks HFW's 10th partner firm as it continues a buy-and-build growth strategy supported by VSS.