Water Investor’s Monthly May 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: 

Drought conditions at the end of April 2025 – NOAA

Recent Market News:

• The U.S. Environmental Protection Agency (EPA) Administrator Lee Zeldin outlined upcoming agency action to address Per- and Polyfluoroalkyl Substances (PFAS). These actions are guided by strengthening the science, fulfilling statutory obligations, enhancing communication, and building partnerships. – EPA
• As of April 13, the Colorado mountains that feed water into the southern river basins had less than half of the usual snowpack they would usually have on that date. However, the numbers are not as bad in the northern mountains, with 80-90% of average snowpack. – Colorado State University

Transactions:

• 5/5/2025: Spheros Environmental acquired Northwater Consulting, a provider of environmental and geosciences consulting services supporting the water sector. – PRWeb
• 4/25/2025: Hawkins acquired WaterSurplus, a specialist in sustainable filtration and advanced engineering solutions, for $400 million. – AInvest
• 4/8/2025: Verdantas acquired five water solutions providers, including Horizons Engineering, Aqua Engineering, Advanced Earth Sciences, Atlantic Resource Consultants, and Atlantic Environmental Consulting Services. – PR Newswire
• 4/3/2025: Aquatech, a provider of water purification technology for industrial and infrastructure markets, received an undisclosed amount of development capital from Cerberus Capital Management. – PR Newswire

Deep Dive:
America’s Aging Water Infrastructure Faces New Threats – ConstructionDive

Other Media:
Water in Transition: Signals From the Top 50 Companies – 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