Water Investor’s Monthly October 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:
Water assets continued to command premium valuations in 2025, with average transaction multiples holding around 10.8x EBITDA, consistent with the “scarcity premium” that has characterized quality water assets in recent years. – Roland Berger
Recent Market News:
- The Senate Committee on Energy and Natural Resources advanced U.S. Senator Alex Padilla’s bipartisan bill to reauthorize desalination projects and research, extending the programmatic approval of the Bureau of Reclamation to fund desalination projects otherwise set to expire this year. – edhat
- Lake Powell and Lake Mead have fallen to their lowest levels on record after an exceptionally dry and warm winter left the Colorado River Basin with little mountain snow to melt, raising concerns for a river system that supplies water and power to more than 40 million people. – Science Daily
- U.S. EPA administrator, Lee Zeldin, launched the G20 Water Reuse Initiative during the G20 Energy Abundance Ministerial Session, advancing a shared framework for expanding the safe reuse of treated water as demand from industry, agriculture, and energy production continues to rise. – U.S. EPA
Transactions:
- 10/5/2026: Advanced Drainage Systems entered into a definitive agreement to acquire StormTrap Investments a provider of highly engineered stormwater solutions for a purchase price of ~$530 million. – Business Wire
- 10/5/2026: ValveTek Utility Services and MeterTek Utility Services, providers of water meter and distribution system services, received an investment from Graycliff Partners. – Business Wire
- 10/1/2026: Energy Services of America Corporation entered into an Asset Purchase Agreement with FAMCO, a utility contractor focused primarily on water and sewer infrastructure. – PR Newswire
- 9/28/2026: SJE acquired Wilson Controls, a provider of automation and control solutions for water, wastewater, and environmental applications. – PR Newswire
- 9/14/2026: Trillium Flow Technologies (First Reserve), a provider of highly engineered flow control products and aftermarket services, entered into a definitive agreement to sell its U.S. pumps business, Trillium Pumps US, to Crane Company for ~$240 million. – Trillium Flow Technologies
- 9/7/2026: Global Water Technology acquired PUR-CHEM, a provider of specialty water treatment chemicals serving the commercial, industrial, healthcare, and manufacturing industries. – Global Water Technologies
- 9/4/2026: Holland Pump (The Workdry Group) acquired Pumping and Shoring Solutions, a provider of pump rental, dewatering systems, groundwater control, and temporary water management solutions. – The Workdry Group
- 9/3/2026: Pure Water Service Group (CenterPoint Companies), a multi-brand platform of residential and light commercial water treatment businesses, acquired additional founder-led companies across Illinois, Florida, and Georgia. – CenterPoint Companies
- 9/2/2026: NWPX Infrastructure acquired Serpentix Conveyor, a manufacturer of engineered conveyor systems used primarily in municipal wastewater treatment plants and industrial manufacturing facilities. – NWPX
Other Media:
Water Stress Brings Risks for Thirsty Power Generators – Switched On
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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