SJW Group Subsidiary SJWTX Acquires Texas Country Water

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

December 21, 2021

Utilities

SJW Group’s Texas subsidiary SJWTX Inc. (dba Canyon Lake Water Service Company) has closed the acquisition of the Kendall West and Bandera East water/wastewater utilities in Kendall, Bandera and Medina counties, Texas. The two utilities add more than 1,600 service connections (serving ~4,000 people) and expand SJWTX's footprint in a rapidly growing region as part of continued scale and infrastructure investment in its Texas operations.

Aquarion Company Acquires The Torrington Water Company

March 8, 2022

Utilities

Aquarion Company, the parent of Aquarion Water Company (a subsidiary of Eversource Energy), will acquire all outstanding shares of The Torrington Water Company in a stock-for-stock merger that will make TWC a wholly owned subsidiary of Aquarion. TWC shareholders will receive shares of Eversource Energy in a tax-free reorganization, and the deal is expected to close pending regulatory and stockholder approvals by the end of 2022.

Levine Leichtman Capital Partners Acquires USA Water

February 22, 2024

Utilities

Levine Leichtman Capital Partners (LLCP) has acquired USA Water from Warren Equity Partners, with management reinvesting and continuing to lead the company. Headquartered in Rosenberg, Texas, USA Water provides operations and maintenance (O&M) services for water and wastewater systems across the Southeast United States; LLCP plans to broaden its service capabilities and geographic footprint through organic growth and strategic acquisitions.

Patriot Environmental Acquires Transwater

August 18, 2020

Environmental Services

Patriot Environmental, LLC has acquired Transwater, Inc., a Midland, Texas provider of remote water-monitoring solutions for oil & gas, mining and solid-waste markets. The acquisition adds Transwater’s TransWatch remote sensors, drone/boat-based surveying and water-lab capabilities to Patriot’s geosynthetics and water-management services as an add-on to Patriot’s platform within the Environmental Specialties International portfolio.

TriState (CIC Portfolio Company) Acquires Saltwater Disposal Assets from Pilot Water Solutions

November 17, 2022

Oil & Gas

Tri-State Vacuum and Rental, LLC, a CIC Partners portfolio company, acquired certain saltwater disposal wells and associated equipment from Pilot Water Solutions SWD LLC, expanding its disposal capacity in the Haynesville Shale. The deal strengthens TriState's position in regional water management and logistics, supporting continued market share growth amid rising Haynesville production.

Select Water Solutions Acquires Haynesville and Rockies Water Infrastructure Assets

January 30, 2024

Energy

Select Water Solutions (NYSE: WTTR) acquired three strategic produced-water infrastructure portfolios in the Haynesville Shale and the Rockies for approximately $90 million in cash, adding roughly 450,000 barrels per day of permitted disposal capacity across 21 active saltwater disposal wells, two slurry injection wells, and additional permitted recycling capacity. The transactions include the disposal assets and operations of Tri-State Water Logistics, LLC and substantially all assets of Iron Mountain Energy LLC, and additional Rockies disposal/recycling infrastructure, and are expected to be accretive to Select's Water Infrastructure segment while expanding its geographic footprint and treatment capabilities.