Water Investor’s Monthly December 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: 

Drought outlook for November 2024. – NOAA

Recent Market News:

• The Department of the Interior announced a $125 million investment for five projects in California and Utah that will help create new sources of water and improve drought resiliency. – The DOI
• The U.S. Environmental Protection Agency launched a new, no-cost technical assistance effort focused on reducing exposure to perfluoroalkyl and polyfluoroalkyl substances (PFAS) and other emerging contaminants in small or disadvantaged communities. – US Environmental Protection Agency
• A new federal government study estimates that PFAS may be contaminating drinking water for ~95 million people in the US who draw water from the nation’s aquifers via private or public wells. – The Guardian

Transactions:

• 11/26/24: DNOW announced its acquisition of Trojan Rentals, a provider of pump rentals, automation technology, and other associated equipment to support customers’ water sourcing, transfer, recycling, and treatment requirements. – Businesswire
• 11/20/24: Aquaria, a developer of atmospheric water generators designed to tap into the humidity in the air as a new and renewable source of water, announced it has secured $112 million. – Yahoo Finance
• 11/18/2024, 11/15/2024, 11/6/2024: Azuria Water Solutions, a leading provider of infrastructure maintenance, rehabilitation, and technology-enabled water solutions, announced the acquisition of three water pipeline services companies, Performance Pipeline Technologies, North American Pipeline Management, and a portion of Miller Pipeline’s municipal services division. – Azuria Water Solutions
• 11/13/24: Verdantas announced the acquisition of Groundwater Sciences Corporation, a provider of assessment and remediation of contaminated media, water supply development, and geologic consulting. – Verdantas
• 11/5/24: Integrated Water Services, a leading provider of specialized water and wastewater treatment solutions, announced the acquisition of Hi-Line Industries, a designer and manufacturer of custom-fabricated equipment used in the water sector. – PR Newswire
• 11/1/24: Water management solutions firm WaterSMART Solutions, was acquired by its longtime partner Hazen and Sawyer, a provider of water management services, to expand and strengthen its operations in Canada and around the globe. – WaterSMART Solutions

Deep Dive:
U.S. Climate Outlook for November 2024 – NOAA

Other Media:
Strategic Moves Reshaping the Water Sector – 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