H2O America-backed The Texas Water Company to acquire Quadvest.

H2O America-backed TWC, a provider of reliable water and wastewater services, agreed to acquire Quadvest, a water utility company. Financial terms were not disclosed. “Our combination with Quadvest represents an opportunity to grow our operations and provide safe, reliable, and sustainable water and wastewater solutions to tens of thousands of additional Texans. With increased scale, TWC will be well positioned to strengthen operational excellence, customer service, and infrastructure investment, while maintaining our and Quadvest’s shared commitment to local expertise and an ownership mindset. Our combination is a natural fit, bringing together two companies who have aligned cultures, a mutual focus on community investment, and benches of talent who will drive our strategy forward. We have deep respect for the legacy Quadvest has built under the leadership of the Sequeira family, and we are excited to welcome Quadvest’s talented team to TWC. We look forward to working together to deliver high-quality water and enhance the health and vitality of the Texas communities we serve," Aundrea Williams, President TWC.