Xylem Acquires Evoqua in $7.5 Billion All-Stock Transaction

Evoqua Water Technologies Acquires Aquapure Technologies

September 7, 2020

Environmental Services

Evoqua Water Technologies (NYSE: AQUA) has acquired privately held Aquapure Technologies, a Hamilton, Ohio–based water service and equipment company. The deal expands Evoqua’s service capabilities and regional presence in Cincinnati and the surrounding region; terms were not disclosed.

Evoqua Water Technologies Acquires Smith Engineering, Inc.

September 30, 2022

Healthcare Services

Evoqua Water Technologies entered into a definitive agreement to acquire Smith Engineering, Inc., a privately held provider of custom high purity water treatment equipment. The deal is intended to strengthen Evoqua’s high purity water treatment portfolio and expand its North American service footprint.

Evoqua Water Technologies Acquires Frontier Water Systems

April 4, 2022

Environmental Services

Evoqua Water Technologies purchased the remaining equity of San Diego-based Frontier Water Systems, completing its acquisition after an initial majority investment in 2019. Frontier, a supplier of modular bioreactor engineered equipment for removal of selenium, nitrate and metals from industrial wastewater, will expand Evoqua’s advanced wastewater treatment capabilities; terms were not disclosed.

American Water and Essential Utilities to Merge in $63 Billion All-Stock Deal

October 28, 2025

Infrastructure

American Water Works Company and Essential Utilities announced a definitive, all-stock, tax-free merger to create the largest regulated U.S. water and wastewater utility. The combined company is expected to serve about 4.7 million water and wastewater connections across 17 states with an implied enterprise value of approximately $63 billion, with closing expected by end of Q1 2027 subject to approvals.

Kemira Acquires AquaBlue, Inc.

January 13, 2026

Environmental Services

Kemira has acquired AquaBlue, Inc., an Ohio-based provider of industrial water and wastewater treatment services, in a deal valued at under USD 10 million. The acquisition will integrate AquaBlue into Kemira's Water Solutions business to strengthen Kemira's service-led industrial water treatment capabilities in North America and expand its offerings to food & beverage, manufacturing and healthcare customers.

Evoqua Water Technologies Acquires EPICOR, Inc.

July 18, 2022

Manufacturing

Evoqua Water Technologies completed the acquisition of EPICOR, Inc., a Linden, New Jersey-based manufacturer of powdered ion exchange resins and resin/fiber mixtures that serves the power industry. The purchase brings specialty resin manufacturing capabilities into Evoqua’s Integrated Solutions and Services segment to better support power-market customers; terms were not disclosed in the primary press release.