Porter Hedges Represents Quadvest in the Closing of its Sale to H2O America

Porter Hedges represented Quadvest LP in connection with the closing of its previously announced sale to H2O America (NASDAQ: HTO). H2O America’s regulated Texas water and wastewater utility, The Texas Water Company, Inc. (“TWC”), along with its affiliate Texas Water Operation Services, LLC (“TWOS”) have completed the acquisition of all assets owned by Quadvest.

The acquisition more than doubles H2O America’s water and wastewater connections in Texas, providing greater scale to support continued investment in critical infrastructure and operational excellence for Hill Country and Houston-area communities.

H2O America is among the largest investor-owned pure-play water and wastewater utilities in the United States, providing life-sustaining and high-quality water service to over 1.6 million people. H2O America’s locally led and operated water utilities include San Jose Water Company in California, The Connecticut Water Company in Connecticut, The Maine Water Company in Maine, and SJWTX, Inc. (dba The Texas Water Company) in Texas including Quadvest’s operations.

For additional information, please see the H2O America press release here.