Water Investor’s Monthly November 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: 

Number and volume of water transactions each year by state. – West Water Research

Recent Market News:

• A Colorado State University study found that increasingly severe wildfires at high elevations are impacting snowpack, an important reservoir for the U.S. West. The altered landscape makes it more challenging to predict when snow will melt and how much water will be available for use. – Colorado State University
• A U.S Geological Survey study estimates that between 71 to 95 million people in the Lower 48 states (more than 20% of the country’s population) may rely on groundwater that contains detectable concentrations of PFAs. – USGS
• The U.S. Environmental Protection Agency announced $3.6 billion in new funding under the Biden-Harris Administration’s Bipartisan Infrastructure Law to upgrade water infrastructure and keep communities safe. This funding is part of a five-year, $50 billion investment in water infrastructure. – US Environmental Protection Agency

Transactions:

• 11/4/24: Baker Manufacturing, a portfolio company of Blue Sage Capital, announced its acquisition of the Pump Division of A.Y. McDonald. The acquisition includes A.Y. McDonald’s full pump product line for the residential and agricultural markets. – Blue Sage Capital
• 10/30/24: Hawkins, a leading specialty chemical and ingredients company, completed the acquisition of the assets of Water Guard, a distributor of water treatment chemicals and equipment. – GlobeNewswire
• 10/19/24: The California Public Utilities Commission approved California American Water’s acquisition of the Mesa del Sol water system. The purchase of the system adds approximately 15 new water connections to the company’s current customer base, which already includes approximately 40,000 connections. – Yahoo Finance
• 10/18/24: Moore Engineering announced the acquisition of Lytle Water Solutions in Lakewood, CO, a company that specializes in surface and ground water hydrology and modeling, water rights, environmental permitting, and water mediation assessments. – Moore Engineering
• 10/8/24: Allied Industrial Partners announced that it has exited Dovetail Infrastructure Services, a developer and operator of water infrastructure across the United States. – Allied Industrial Partners

Deep Dive:
The Ogallala Aquifer, Market Activity Around a Finite Resource – West Water Research

Other Media:
San Francisco vs. the EPA: What’s at Stake for the Future of Water Regulation? – 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.