Water Investor’s Monthly March 2026
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:
Bluefield Research forecasts that U.S. irrigation spending will average $13.5 billion annually over the next five years, split between on-farm irrigation systems and off-farm water delivery operations. – Bluefield Research
Recent Market News:
- Officials at the Bureau of Reclamation, the federal agency that manages Colorado River dams, outlined several actions they are considering in the coming months to boost water levels in a rapidly shrinking Lake Powell. – Circle of Blue
- States that use the Colorado River failed to meet the mid-February deadline for new guidelines about sharing its water, threatening the water supply for nearly 40 million people across seven states. – CPR News
Transactions:
- 3/2/2026: Boyne Capital sold McKee Utility Contractors, an infrastructure services platform focused on large diameter water and wastewater transmission lines, to Mastec at an enterprise value of $276 million. – PR Newswire
- 2/26/2026: Behrman Capital sold Waterline Renewal Technologies, a provider of engineered products for the trenchless rehabilitation of wastewater infrastructure, to Azuria Water Solutions (New Mountain Capital). – Lincoln International
- 2/19/2026: Bennett West (Pike Street Capital) announced a strategic investment in California Water Services, a provider of water treatment solutions for growers and municipalities. – Pike Street Capital
- 2/17/2026: Azuria Water Solutions (New Mountain Capital) acquired Infrastructure Systems, a water and sewer pipeline rehabilitation company. – GlobeNewswire
- 2/12/2026: United Flow Technologies acquired CS3 Water Works, a provider of valves and related waterworks solutions, and Principle Environmental, a provider of process equipment solutions. – United Flow Technologies
- 2/12/2026: Rochester Midland Corporation acquired Solid Blend Technologies, a water management and environmental solutions provider. – RMC
- 2/11/2026: Azuria Water Solutions (New Mountain Capital) acquired Caliagua, a provider of construction, rehabilitation, and modernization of water and wastewater systems. – Azuria Water Solutions
- 2/4/2026: DXP Enterprises completed its acquisition of Ambiente H2O, a provider of pumps, process equipment, instrumentation, and related service & repair for the water and wastewater industry. – Business Wire
Other Media:
The $10 Billion Market Nobody Talks About: Chemicals for Water Treatment – 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. Visit our website: Industria Partners
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