Water Investor’s Monthly October 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:

Bluefield Research indicates that the U.S. midstream water market for oil and gas is projected to reach a total of $156 billion between 2025 to 2030. – Bluefield Research

Recent Market News:

• The U.S. Environmental Protection Agency (EPA) allocated $58 million to Tennessee to improve water infrastructure resiliency in the aftermath of Hurricane Helene. – EPA
• New research from Schneider Electric reveals that while U.S. leaders recognize the urgent need for smarter water management and infrastructure modernization there’s a significant gap between strategy and execution. – Schneider Electric
• A recent study conducted by Ceres finds that in the coming years in Arizona, annual water use associated with data center electricity consumption is expected to increase by 400%, and water use associated with data center cooling operations is expected to increase by 870%. – Ceres

Transactions:

• 10/6/2025: Zachry Construction acquires Crescent Constructors, which specializes in water and wastewater infrastructure projects. – Construction Equipment
• 10/2/2025: Parsons acquires Applied Sciences Consulting, an engineering firm that specializes in water and stormwater solutions. – Parsons
• 9/23/2025: Advanced Drainage Systems acquires Norma Group SE’s water management business, National Diversified Sales, for ~$1 billion. – Plastics Today
• 9/16/2025: Kemira acquires Water Engineering, a company specialized in water treatment services for ~$150 million. – Kemira
• 9/9/2025: Advanced Industrial Devices, a portfolio company of Black Bay Energy Capital, acquires Economy Control Systems, a provider of development and integration of custom control panels for water, wastewater, and industrial applications. – Business Wire
• 9/8/2025: United Flow Technologies, a portfolio company of HIG Capital, acquires Sydnor Hydro, a pump distributor and repair services provider. – World Pumps

Deep Dive:
In Lower Arkansas River Valley, a $1.39B Pipeline is the Holy Grail of Clean Water – Colorado Sun

Other Media:
What Do 2025 Capital Improvement Plans Reveal About Water Utility Spending? – 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