Water Investor’s Monthly September 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:

U.S. and Canada Pipe Infrastructure CAPEX Forecast 2025 – 2035

North American water utility pipe CAPEX to reach $117 billion between 2025 and 2035. – Bluefield Research

Recent Market News:

• The Environmental Protection Agency offers $9 million in grants to help protect drinking water against cybersecurity threats and extreme weather events. – EPA
• Arizona, Nevada, and Mexico will face limited Colorado River water access in 2026 due to ongoing drought. – AP News
• Essential Utilities invests $26 million to construct a water treatment plant and power a major data center in Western Pennsylvania. – Financial Times
• SpaceX aims to create a private water pipeline for Starbase employees while nearby residents lose county water service. – TechCrunch

Transactions:

• 08/28/2025: Coltala Holdings acquires Alsay, a Houston-based deep water well drilling and infrastructure services provider, marking the launch of Coltala Water Holdings. – Smart Water Magazine
• 08/14/2025: Chemtrade Logistics acquires Polytec to boost its presence in water solutions for the food processing industry for $150 million, representing a multiple of ~6.5x LTM Adjusted EBITDA. – BusinessWire
• 08/12/2025: Ecolab acquires Ovivo’s electronic division for $1.8 billion to expand its ultra-pure water technology for semiconductor manufacturing. – Ecolab
• 08/07/2025: Platte River Equity acquires Chemtech-Ford Laboratories, a drinking water, wastewater, soil, and surface water analysis service provider. – Platte River Equity
• 08/07/2025: Pike Street Capital invests in Bennett West to support expansion in water infrastructure and energy solutions for industrial customers. – Pike Street Capital

Deep Dive:
The Earth Is Drying Out and We Need to Act Urgently – Bloomberg Opinion

Other Media:
Navigating the Water Sector Start-Up Lifecycle with Jim Good – The Water Values

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