Water Investor’s Monthly October 2024

Water Investor’s Monthly, by Industria Partners, is a review of trends and transactions in water across the U.S., including water rights, storage, transportation infrastructure, and wastewater treatment, services, and equipment.

Chart of the Month: 

Colorado annual water usage by sector. – Colorado Sun

Recent Market News:

• Experts and California state officials say the implementation of the Sustainable Groundwater Management Act, or SGMA, is unfolding largely as expected. – LA Times
• A University of California study found that to write the average 100-word email using OpenAI’s ChatGPT consumes 519 milliliters of water, a little more than 1 bottle. – Washington Post
• Despite Colorado’s precipitation hitting 102% of normal this year, wet weather hasn’t pulled the state or the American West out of its naggingly, sometimes desperate, dry existence. – Colorado Sun

Transactions:

• 9/25/24: Water Engineering Inc. announced its acquisition of Gotham Refining Chemical Corp, a leading provider of commercial and industrial water treatment services. – Smart Water Magazine
• 9/24/24: BluMetric Environmental Inc. announced its acquisition of Gemini Water, a company that designs, builds, installs, and commissions large-scale desalination and wastewater treatment systems. – Canadian Defence Review
• 9/19/24: HardRock Infrastructure Services announced the acquisition of HDW Construction & Drilling, an auger boring and tunneling company that specializes in drilling pipelines for water and wastewater infrastructure. – Yahoo Finance
• 9/16/24: AllClear Underground Solutions announced its acquisition of Engineered Spray Solutions, a provider of remediation, repair, and rehabilitation of deteriorated wastewater, stormwater, and chemical containment system structures. – PR Newswire
• 9/12/24: GenNx360 Capital Partners announced its investment in Shenandoah, a Florida-based provider of sanitary and stormwater pipe cleaning, inspection, and pipe rehabilitation services. – PR Newswire

Deep Dive:
Water Innovation Symposium Highlights Advances in Water Research – Washington University

Other Media:
Private Equity Adds Water Treatment Chemicals to Their Playbook – The Future of Water
 

Industria Partners provides focused strategic advisory services to industrial, climate, infrastructure, and energy companies at every point across the business cycle. Through industry connectivity, transaction experience, and expert execution, Industria delivers superior outcomes to its clients.