H2O America Nears $540 Million Texas Water Deal

H2O America has agreed to buy the assets of rival water and wastewater utility Quadvest in a transaction that will boost its presence in the fast-growing Texas market.

San Jose-based H2O will pay $540 million for the assets, which are to be acquired through its Texas Water Co. and Texas Water Operation Services affiliates, according to a statement Tuesday that confirmed an earlier Bloomberg News report.