Global Water Resources Acquires Twin Hawks Utility and Rincon Water Company

Arcline Investment Management Acquires International Water-Guard

June 13, 2023

Aerospace & Defense

Arcline Investment Management, a US-based private equity firm, has acquired International Water-Guard (IWG), a Surrey, British Columbia–based provider of flight-certified potable water systems and components for business, VIP and military aircraft. The acquisition expands Arcline’s portfolio of engineered aerospace systems and positions IWG to accelerate product development and aftermarket growth with Arcline’s support.

Hawkins, Inc. Acquires Industrial Research Corporation

March 11, 2024

Industrial Services

Hawkins, Inc. (Nasdaq: HWKN) has completed the acquisition of Industrial Research Corporation, a distributor of water treatment chemicals and equipment serving central to northern Louisiana, eastern Texas and southern Arkansas. The tuck-in deal expands Hawkins' water treatment footprint to fill a geographic gap in northern Louisiana and east Texas and is intended to accelerate growth in the surrounding regions.

Azuria Water Solutions Acquires Twin D, Inc.

July 17, 2024

Environmental Services

Azuria Water Solutions has acquired Twin D, Inc., a family-run pipeline maintenance services provider operating in the Greater Salt Lake City area. Twin D will operate as part of C&L Water Solutions (an Azuria company) and its leadership and local staff will remain in place to continue serving municipalities, local utilities and engineering firms across Utah, Idaho and Wyoming.

Quench Acquires Crescent Hills Water Company

April 19, 2022

Environmental Services

Quench USA, Inc., a Culligan company that provides bottleless filtered drinking water solutions, has acquired Crescent Hills Water Company, a point-of-use drinking water systems provider based in Grapevine, Texas. The acquisition adds density in the Dallas–Fort Worth market and expands Quench’s service and customer coverage in the region.

Spheros Environmental Acquires Northwater Consulting

May 5, 2025

Environmental Services

Spheros Environmental has acquired Northwater Consulting, a water resources and geosciences consulting firm with offices in Illinois, North Carolina, Michigan and Arizona. The deal — announced by Spheros and sponsor Union Park Capital — strengthens Spheros' technical capabilities in groundwater modeling, geophysics, and source water protection and expands its geographic reach; it marks the sixth acquisition for Spheros Environmental.

NW Natural Water Acquires Five Small Utilities (Morning View, Del Bay, Troy Hoffman, Belle Oaks, Pelican Point)

April 14, 2021

Utilities

NW Natural Water Company, a subsidiary of Northwest Natural Holding Company, completed acquisitions of Morning View Water Company and Del Bay Association and signed agreements to acquire Troy Hoffman Water Corporation, Belle Oaks Water & Sewer Co., and Pelican Point Water Co. These tuck-in deals expand NW Natural Water’s footprint across Idaho, Washington and Texas and will increase its total served population and connections as part of a disciplined inorganic growth strategy.