H2O America Announces Completion of Quadvest Water/Sewer Acquisition for $540M

What Happened H2O America announced it completed two asset acquisitions from Quadvest on October 1, 2026. Through its indirect subsidiaries SJWTX, Inc. (“TWC”) and Texas Water Operation Services, LLC (“TWOS”), the company acquired substantially all assets related to Quadvest Retail’s regulated water and sewer business and Quadvest Wholesale’s wholesale water and sewer business. The transactions were implemented under two previously disclosed asset purchase agreements and carry a base purchase price of $540 million, subject to customary post-closing adjustments.

Key Details

• Transaction completion date: October 1, 2026; prior Current Report disclosing the agreements was filed July 8, 2025.
• Buyers: TWC (for the regulated business) and TWOS (for the wholesale business); Sellers: Quadvest Retail, L.P. and Quadvest Wholesale, LLC.
• Base purchase price: $540 million, subject to customary purchase price adjustments per the agreements.
• Financial statements and pro forma financial information related to the acquired businesses will be filed by amendment within 71 days of the Form 8-K filing. A company press release is attached as Exhibit 99.1.

Why It Matters This transaction expands H2O America’s footprint in regulated and wholesale water and sewer operations and represents a material use of capital ($540M base price). Investors should note the acquisition’s potential impact on H2O America’s future revenues and margins, and that the formal historical financials and pro forma effects of the acquired businesses will be provided in forthcoming SEC filings (required within 71 days).