H2O Innovation acquires Gulf Utility Service for $2.8 million

H2O Innovation Inc. acquired Gulf Utility Service, Inc. for $2.8 million on July 1, 2020. The consideration includes $1.875 million paid at closing and up to $0.875 million subject to revenue targets. Gulf Utility Service reported $6.8 million in revenues and $0.7 million EBITDA in 2019.

“H2O Innovation Inc. acquired Gulf Utility Service, Inc. for $2.8 million on July 1, 2020.”marketscreener.com

• 3 sources
• marketscreener.comH2O Innovation Inc. acquired Gulf Utility Service, Inc. for $2.8 million.MarketScreenerJul 1, 2020
• einpresswire.comH2O Innovation Expands Texas O&M Business Platform with Gulf Utility Service, Inc. AcquisitionJul 2, 2020
• filtsep.comH2O Innovation expands in Texas - Filtration and SeparationNewsJul 8, 2020

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