H2O America Completes Texas Subsidiary’s Acquisition of Quadvest
Key Highlights
- ➤Quadvest acquisition completed by H2O America’s Texas subsidiary, The Texas Water Company (HTO)
- ➤Texas water and wastewater connections more than double following Quadvest asset acquisition
- ➤Texas customers expected to reach 26% of H2O America’s base by 2029, versus 8% previously
- ➤Quadvest operations projected to deliver double-digit customer growth over the next several years
Expert Statements
Andrew F. Walters, Chair of the H2O America board and CEO of H2O America
“This is a significant milestone in our strategy to build a stronger utility portfolio, with Quadvest’s operations projected to deliver double-digit customer growth over the next several years in some of the country’s fastest-growing counties.”
Andrew F. Walters, Chair of the H2O America board and CEO of H2O America
“Texas is an increasingly meaningful driver of H2O America’s long-term ability to provide sustainable value for all of our customers, communities and shareholders, and the addition of Quadvest’s people and resources to our TWC team reinforces our confidence in the opportunities we see to serve customers across the great state of Texas.”
Aundrea Williams, President of The Texas Water Company
“Our new colleagues bring deep knowledge of their systems and the communities that depend on them, and we join them in the ongoing responsibility Texas Water Company has to keep these water systems strong for decades to come.”
Aundrea Williams, President of The Texas Water Company
“We look forward to building on Quadvest’s expertise and reputation that its leaders and teams have built, with customer relationships and dependable delivery of services people count on each day.”
SAN JOSE, Calif., Oct. 01, 2026 (GLOBE NEWSWIRE) -- H2O America (NASDAQ: HTO) today announced that its regulated Texas water and wastewater utility, The Texas Water Company, Inc. (“TWC”), along with its affiliate Texas Water Operation Services, LLC (“TWOS”), have completed the acquisition of all assets owned by Quadvest.
“This is a significant milestone in our strategy to build a stronger utility portfolio, with Quadvest’s operations projected to deliver double-digit customer growth over the next several years in some of the country’s fastest-growing counties,” said Andrew F. Walters, chair of the H2O America board of directors and chief executive officer of H2O America. “Texas is an increasingly meaningful driver of H2O America's long-term ability to provide sustainable value for all of our customers, communities and shareholders, and the addition of Quadvest’s people and resources to our TWC team reinforces our confidence in the opportunities we see to serve customers across the great state of Texas.”
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