Water Investor’s Monthly April 2025

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: 

Total Construction Spending: Water Supply in the United States. – FRED

Recent Market News:

• The US Supreme Court ruled that the Environmental Protection Agency (EPA) cannot employ generic, water body-focused pollution discharge limits to Clean Water Act permit holders, and must provide specific limitations to pollution permittees. – The Guardian
• Drinking water earned a “C-” on the 2025 American Society of Civil Engineers (ASCE) Report Card for America’s Infrastructure, as aging water infrastructure and underfunding issues persist. – WaterWorld
• In Central Texas, a bitter fight over a $1 billion water project offers a preview of the future for much of the state as decades of rapid growth push past the local limits of its most vital natural resource. – Inside Climate News

Transactions:

• 3/18/2025: CPH Consulting acquired Mittauer & Associates to expand its water, wastewater, and funding expertise. – Morrissey Goodale
• 3/11/2025: Protect Environmental acquired Cliff Cummings Water Services, a water testing and treatment company. – Fox59
• 3/11/2025: Golden Gate Capital sold Stonehill Environmental Partners, an environmental services business that enables energy customers to recycle and dispose of water safely, reliably, economically, and with minimal carbon emissions, to an undisclosed buyer. – BusinessWire
• 3/3/2025: Whitewater Management, backed by Hillcore Group, acquired Orion Water Solutions, a provider of advanced wastewater treatment solutions. – PE Hub

Deep Dive:
The Strategic Flow: Why Water is the Smart Money in 2025 – Seequent

Other Media:
How Water Scarcity is Threatening the Global Economy – Zero: The Climate Race
 

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