07:49 AM EDT, 07/08/2025 (MT Newswires) -- H2O America ( HTO ) said Tuesday its Texas affiliates, The Texas Water Company and Texas Water Operation Services, will acquire all assets of Quadvest, a water and wastewater utility in the Houston area, for $540 million.

Under terms of the agreement, Texas Water Company will acquire regulated systems owned by Quadvest for $483.6 million, while Texas Water Operation Services will acquire systems owned by Quadvest Wholesale for $56.4 million.

The transaction, expected to close by mid-2026, will be financed by a combination of privately placed debt and equity infusions from H2O America ( HTO ), the company said.