H2O America closes $540M Quadvest acquisition, doubling Texas water/wastewater connections

H2O AMERICA

Closed Oct. 1, 2026 purchase of all Quadvest assets by TWC and TWOS for base price $540M, subject to customary adjustments.
Acquisition more than doubles H2O America's Texas water/wastewater connections; Texas customers expected to be 26% of total by 2029 vs. 8% before Oct. 1.
Quadvest operations projected to deliver double-digit customer growth over the next several years in fast-growing Houston-area counties, per CEO Andrew F. Walters.
H2O America retains locally based Quadvest employees and leadership; operations continue without interruption for Houston-area customers.

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