# H2O Innovation to acquire Texas water and wastewater services company for $6.71M

H2O Innovation Inc. entered a binding agreement to acquire a privately-owned provider of water and wastewater asset management services for municipal utilities in Texas for US$6.71 million. The acquisition is expected to add $17.1 million in annual revenues.

- Type: Acquisition
- Announced: 2018-11-14
- Where: Texas, United States
- Value: $6.71M
- Jobs: 70
- Status: announced
- Products: water and wastewater asset management services
- Sectors: [Water Treatment Equipment](https://endata.com/sectors/water-treatment-equipment.md)

## Companies

- [H2O Innovation Inc](https://endata.com/companies/20298.md) (acquirer)
- [Hays Utility South Corporation](https://endata.com/companies/35829.md) (target)

## Sources

- [einpresswire.com](https://www.einpresswire.com/article/468306770/h2o-innovation-announces-acquisition-of-an-operation-maintenance-company-in-texas-and-a-bought-deal-private-placement-of-13-0-m), 2018-11-14: "H2O Innovation Inc. announces it has entered into a binding agreement pursuant to which H2O Innovation will acquire, from arm's-length third parties, a privately-owned provider of water and wastewater asset management services for municipal utilities in Texas."
- [einpresswire.com](https://www.einpresswire.com/article/469742179/h2o-innovation-announces-completion-of-the-acquisition-of-hays-utility-south-corporation-made-possible-through-the-closing-of-a-bought-deal-private), 2018-11-30: "H2O Innovation Inc. is pleased to report the completion of the previously announced acquisition of all the issued and outstanding shares of Hays Utility South Corporation."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.