Water Investor’s Monthly August 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:

Lawrence Berkeley National Laboratory researchers project total water consumption by data-centers could grow to between 469 – 844 billion gallons by 2028, depending on factors ranging from data-center technology to the mix of energy sources feeding the electric grid. – CBS News

Recent Market News:

• Federal officials agreed to a plan from California, Arizona, and Nevada to cut Colorado River use by at least 3.2 million acre-feet through 2028, as Lake Mead and Lake Powell recently fell to record-low combined levels. – The Spokesman-Review
• Virginia Tech researchers developed an artificial intelligence model designed to help policymakers manage growing competition between agricultural and semiconductor manufacturing for water resources. – Smart Water Magazine
• America’s 15 largest regulated, private water companies invested ~$6.8billion in 2025 to improve infrastructure safety and reliability, bringing their total investment to more than $43.5 billion over the past decade. – NAWC

Transactions:

• 8/3/2026: Apollo acquired Maverick Water Group, a developer, owner, and operator of alternative non-potable water systems that serve communities across Texas. – Apollo
• 7/29/2026: A Xylem subsidiary entered an agreement to acquire WaterFleet, a provider of mobile water and wastewater utility services and workforce relief solutions. – Business Wire
• 7/28/2026: Pentair entered an agreement to acquire Taco Group Holdings, a leader in hydronic and water-based solutions. – Business Wire
• 7/27/2026: New Jersey American Water acquired Gordon’s Corner Water Company, provider of regulated water utility services. – PR Newswire
• 7/20/2026: Zurn Elkay Water Solutions entered an agreement to acquire Intellihot, a provider of tankless water heater solutions. – Zurn Elkay Water Solutions
• 7/15/2026: United Flow Technologies (Berkshire Partners) acquired Peterson and Matz, a distributor of water and wastewater treatment equipment. – United Flow Technologies
• 7/14/2026: AmeriWater (Edgewater Capital Partners) acquired Med Water Systems, a provider of high-purity water systems for clinical analyzers and sterile processing applications. – AmeriWater
• 7/13/2026: Ferguson Enterprises entered an agreement to acquire FloWorks, an industrial distributor and service provider of highly technical valves and flow control solutions. – Ferguson
• 7/6/2026: Accurate Meter & Supply (Quad-C Management) acquired Stiles Company, a water meter and waterworks distributor and service provider. – PR Newswire
• 7/6/2026: Blackstone Energy Transition Partners entered an agreement to acquire Dresser Utility Solutions, a provider of mission-critical natural gas and water measurement, control, and infrastructure equipment solutions. – Blackstone
• 7/6/2026: Geo-Logic Associates acquired Andrews Engineering, a provider of environmental engineering and waste management services. – Geo-Logic Associates

Deep Dive:
The Data Center Water Problem Is Soluble – ITIF

Other Media:
Is the Data Center Water Problem Fake? – Bluefield Research

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