{"success":true,"data":{"pressRelease":{"id":"158382","rtpr_id":"nGNX3nV5DQ-20261001","ticker":"HTO","exchange":"NASDAQ","all_tickers":["HTO"],"title":"H2O America Completes Texas Subsidiary’s Acquisition of Quadvest","author":"Globe Newswire","published_at":"2026-10-01T13:33:26.093Z","article_body":"SAN JOSE, Calif., Oct. 01, 2026 (GLOBE NEWSWIRE) -- H2O America (NASDAQ: HTO)\ntoday announced that its regulated Texas water and wastewater utility, The\nTexas Water Company, Inc. (“TWC”), along with its affiliate Texas Water\nOperation Services, LLC (“TWOS”), have completed the acquisition of all\nassets owned by Quadvest.\n\n“This is a significant milestone in our strategy to build a stronger utility\nportfolio, with Quadvest’s operations projected to deliver double-digit\ncustomer growth over the next several years in some of the country’s\nfastest-growing counties,” said Andrew F. Walters, chair of the H2O America\nboard of directors and chief executive officer of H2O America. “Texas is an\nincreasingly meaningful driver of H2O America's long-term ability to provide\nsustainable value for all of our customers, communities and shareholders, and\nthe addition of Quadvest’s people and resources to our TWC team reinforces\nour confidence in the opportunities we see to serve customers across the great\nstate of Texas.”\n\nThe acquisition more than doubles H2O America’s water and wastewater\nconnections in Texas, providing greater scale to support continued investment\nin critical infrastructure and operational excellence for Hill Country and\nHouston-area communities. With the addition of Quadvest’s operations and\nanticipated buildout of its development pipeline, H2O America expects Texas\ncustomers to represent 26% of the company’s overall customer base by 2029\n– a transformative increase from the 8% that Texas customers represent prior\nto Oct. 1. For H2O America, a more geographically and regulatorily diverse\nutility portfolio also helps reduce exposure to weather, climate and\njurisdiction-specific risks across the company’s portfolio.\n\nQuadvest brings an experienced team, a strong development pipeline and\nlongstanding community relationships to TWC, further strengthening and\nexpanding H2O America’s portfolio of locally led utilities and the\ncompany’s continued investment in essential infrastructure that delivers\nhigh-quality, reliable water services for more than 1.6 million people in four\nstates.\n\n“Our new colleagues bring deep knowledge of their systems and the\ncommunities that depend on them, and we join them in the ongoing\nresponsibility Texas Water Company has to keep these water systems strong for\ndecades to come,” said Aundrea Williams, president, TWC. With Quadvest now\npart of TWC, TWC will be able to draw on a broader pool of operational,\nengineering and technology expertise to support local teams, while preserving\nstrong local leadership and accountability. “We look forward to building on\nQuadvest’s expertise and reputation that its leaders and teams have built,\nwith customer relationships and dependable delivery of services people count\non each day.”\n\nWhile ownership of Quadvest’s assets has changed, operations continue\nwithout interruption for customers served by Quadvest systems. A passionate,\ndedicated team of locally based employees and leadership serving these\nHouston-area customers has been retained and will continue to serve these\ngrowing communities.\n\nAbout Texas Water Company\nThe Texas Water Company has successfully provided high-quality and reliable\nwater and wastewater service to Texas Hill Country customers since 2006.\nQuadvest has served Houston-area customers since 1978. Together now as Texas\nWater Company, we safeguard public health, promote environmental stewardship,\nand deliver sustainable solutions to the communities we serve – from\nmanagement of water and wastewater treatment infrastructure, to the design and\nimplementation of water reuse technology, water supply development and more.\nTo learn more about our Hill Country operations, visit www.txwaterco.com. To\nlearn more about our Quadvest operations, visit www.quadvest.com.\n\nAbout H2O America\nH2O America is among the largest investor-owned pure-play water and wastewater\nutilities in the United States, providing life-sustaining and high-quality\nwater service to over 1.6 million people. H2O America’s locally led and\noperated water utilities – San Jose Water Company in California, The\nConnecticut Water Company in Connecticut, The Maine Water Company in Maine,\nand SJWTX, Inc. (dba The Texas Water Company) in Texas including Quadvest’s\noperations – possess the financial strength, operational expertise, and\ntechnological innovation to safeguard the environment, deliver outstanding\nservice to customers, and provide opportunities to employees. H2O America\nremains focused on investing in its operations, remaining actively engaged in\nits local communities, and delivering continued sustainable value to its\nstockholders. For more information about H2O America, please\nvisit www.h2o-america.com.\n\nForward Looking Statements\nThis release contains forward-looking statements within the meaning of the\nfederal securities laws relating to future events and future results of H2O\nAmerica and its subsidiaries that are based on current expectations,\nestimates, forecasts, and projections about H2O America and its subsidiaries\nand the industries in which H2O America and its subsidiaries operate and the\nbeliefs and assumptions of the management of H2O America. Some of these\nforward-looking statements can be identified by the use of forward-looking\nwords such as “believes,” “expects,” “projects,” “plans,”\n“estimates,” “anticipates,” “intends,” “seeks,” “plans,”\n“will,” “may,” “should,” “approximately,” “strategy,” or\nthe negative of those words or other comparable terminology. These\nforward-looking statements are only predictions and are subject to risks,\nuncertainties, and assumptions that are difficult to predict. Therefore,\nactual results may differ materially and adversely from those expressed or\nforecasted in any forward-looking statements. The accuracy of such statements\nis subject to a number of risks, uncertainties and assumptions including, but\nnot limited to, the following factors: (1) the ability to successfully\nintegrate Quadvest’s operations and realize the projected financial and\nother benefits of the transaction, including the expectation that it will be\naccretive to H2O America’s long-term EPS growth rate; (2) the accuracy of\nprojections regarding the anticipated growth in Texas; (3) the continued\navailability and performance of Quadvest’s and H2O America’s workforce and\nleadership teams during and after the transition; (4) the effect of water,\nutility, environmental and other governmental policies and regulations,\nincluding regulatory actions concerning rates, authorized return on equity,\nauthorized capital structures, capital expenditures, per- and polyfluoroalkyl\nsubstances and other decisions; (5) changes in demand for water and other\nservices; (6) catastrophic events such as fires, earthquakes, explosions,\nfloods, ice storms, tornadoes, hurricanes, terrorist acts, physical attacks,\ncyber-attacks, epidemic, or similar occurrences; (7) unanticipated weather\nconditions and changes in seasonality including those affecting water supply\nand customer usage; (8) the effect of the impact of climate change; (9)\nunexpected costs, charges, expenses, delays or operational challenges in\nscaling infrastructure and expanding service; (10) our ability to successfully\nevaluate investments in new business and growth initiatives; (11)\ncontamination of our water supplies and damage or failure of our water\nequipment and infrastructure; (12) the risk of work stoppages, strikes, and\nother labor-related actions; (13) changes and developments in general\neconomic, political, legislative, business and financial market conditions;\nand (14) the ability to obtain financing on favorable terms, or at all, which\ncan be affected by various factors, including credit ratings, changes in\ninterest rates, compliance with regulatory requirements, compliance with the\nterms and conditions of our outstanding indebtedness, and general market and\neconomic conditions.\n\nThe risks, uncertainties and other factors may cause the actual results,\nperformance or achievements of H2O America to be materially different from any\nfuture results, performance or achievements expressed or implied by such\nforward-looking statements.\n\nIn addition, actual results are subject to these and other risks and\nuncertainties that relate more broadly to our overall business, including\nthose more fully described in our filings with the SEC, including our most\nrecent reports on Form 10-K, Form 10-Q and Form 8-K. Forward-looking\nstatements are not guarantees of future performance, and speak only as of the\ndate made, and H2O America undertakes no obligation to publicly update or\nrevise any forward-looking statement, whether as a result of new information,\nfuture events, or otherwise, except as required by law.\n\nTexas Water Company Contact:\nBrittany Pichler\nCommunications Supervisor\nbrittany.pichler@txwaterco.com\n\nH2O America Contacts:\n\nMedia:\nMichael Ambrozewicz\nVice President of Communications\nMichael.Ambrozewicz@h2o-america.com\n\nInvestors:\nJonathan Reeder\nSenior Director of Treasury and Investor Relations\nJonathan.Reeder@H2O-America.com\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/48c37a00-be67-45a6-aa27-beb4eea712f7)\n\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNX3nV5DQ-20261001","title":"H2O America Completes Texas Subsidiary’s Acquisition of Quadvest","author":"Globe Newswire","ticker":"HTO","created":"2026-10-01T13:33:26.093Z","tickers":["HTO"],"exchange":"NASDAQ","article_body":"SAN JOSE, Calif., Oct. 01, 2026 (GLOBE NEWSWIRE) -- H2O America (NASDAQ: HTO)\ntoday announced that its regulated Texas water and wastewater utility, The\nTexas Water Company, Inc. (“TWC”), along with its affiliate Texas Water\nOperation Services, LLC (“TWOS”), have completed the acquisition of all\nassets owned by Quadvest.\n\n“This is a significant milestone in our strategy to build a stronger utility\nportfolio, with Quadvest’s operations projected to deliver double-digit\ncustomer growth over the next several years in some of the country’s\nfastest-growing counties,” said Andrew F. Walters, chair of the H2O America\nboard of directors and chief executive officer of H2O America. “Texas is an\nincreasingly meaningful driver of H2O America's long-term ability to provide\nsustainable value for all of our customers, communities and shareholders, and\nthe addition of Quadvest’s people and resources to our TWC team reinforces\nour confidence in the opportunities we see to serve customers across the great\nstate of Texas.”\n\nThe acquisition more than doubles H2O America’s water and wastewater\nconnections in Texas, providing greater scale to support continued investment\nin critical infrastructure and operational excellence for Hill Country and\nHouston-area communities. With the addition of Quadvest’s operations and\nanticipated buildout of its development pipeline, H2O America expects Texas\ncustomers to represent 26% of the company’s overall customer base by 2029\n– a transformative increase from the 8% that Texas customers represent prior\nto Oct. 1. For H2O America, a more geographically and regulatorily diverse\nutility portfolio also helps reduce exposure to weather, climate and\njurisdiction-specific risks across the company’s portfolio.\n\nQuadvest brings an experienced team, a strong development pipeline and\nlongstanding community relationships to TWC, further strengthening and\nexpanding H2O America’s portfolio of locally led utilities and the\ncompany’s continued investment in essential infrastructure that delivers\nhigh-quality, reliable water services for more than 1.6 million people in four\nstates.\n\n“Our new colleagues bring deep knowledge of their systems and the\ncommunities that depend on them, and we join them in the ongoing\nresponsibility Texas Water Company has to keep these water systems strong for\ndecades to come,” said Aundrea Williams, president, TWC. With Quadvest now\npart of TWC, TWC will be able to draw on a broader pool of operational,\nengineering and technology expertise to support local teams, while preserving\nstrong local leadership and accountability. “We look forward to building on\nQuadvest’s expertise and reputation that its leaders and teams have built,\nwith customer relationships and dependable delivery of services people count\non each day.”\n\nWhile ownership of Quadvest’s assets has changed, operations continue\nwithout interruption for customers served by Quadvest systems. A passionate,\ndedicated team of locally based employees and leadership serving these\nHouston-area customers has been retained and will continue to serve these\ngrowing communities.\n\nAbout Texas Water Company\nThe Texas Water Company has successfully provided high-quality and reliable\nwater and wastewater service to Texas Hill Country customers since 2006.\nQuadvest has served Houston-area customers since 1978. Together now as Texas\nWater Company, we safeguard public health, promote environmental stewardship,\nand deliver sustainable solutions to the communities we serve – from\nmanagement of water and wastewater treatment infrastructure, to the design and\nimplementation of water reuse technology, water supply development and more.\nTo learn more about our Hill Country operations, visit www.txwaterco.com. To\nlearn more about our Quadvest operations, visit www.quadvest.com.\n\nAbout H2O America\nH2O America is among the largest investor-owned pure-play water and wastewater\nutilities in the United States, providing life-sustaining and high-quality\nwater service to over 1.6 million people. H2O America’s locally led and\noperated water utilities – San Jose Water Company in California, The\nConnecticut Water Company in Connecticut, The Maine Water Company in Maine,\nand SJWTX, Inc. (dba The Texas Water Company) in Texas including Quadvest’s\noperations – possess the financial strength, operational expertise, and\ntechnological innovation to safeguard the environment, deliver outstanding\nservice to customers, and provide opportunities to employees. H2O America\nremains focused on investing in its operations, remaining actively engaged in\nits local communities, and delivering continued sustainable value to its\nstockholders. For more information about H2O America, please\nvisit www.h2o-america.com.\n\nForward Looking Statements\nThis release contains forward-looking statements within the meaning of the\nfederal securities laws relating to future events and future results of H2O\nAmerica and its subsidiaries that are based on current expectations,\nestimates, forecasts, and projections about H2O America and its subsidiaries\nand the industries in which H2O America and its subsidiaries operate and the\nbeliefs and assumptions of the management of H2O America. Some of these\nforward-looking statements can be identified by the use of forward-looking\nwords such as “believes,” “expects,” “projects,” “plans,”\n“estimates,” “anticipates,” “intends,” “seeks,” “plans,”\n“will,” “may,” “should,” “approximately,” “strategy,” or\nthe negative of those words or other comparable terminology. These\nforward-looking statements are only predictions and are subject to risks,\nuncertainties, and assumptions that are difficult to predict. Therefore,\nactual results may differ materially and adversely from those expressed or\nforecasted in any forward-looking statements. The accuracy of such statements\nis subject to a number of risks, uncertainties and assumptions including, but\nnot limited to, the following factors: (1) the ability to successfully\nintegrate Quadvest’s operations and realize the projected financial and\nother benefits of the transaction, including the expectation that it will be\naccretive to H2O America’s long-term EPS growth rate; (2) the accuracy of\nprojections regarding the anticipated growth in Texas; (3) the continued\navailability and performance of Quadvest’s and H2O America’s workforce and\nleadership teams during and after the transition; (4) the effect of water,\nutility, environmental and other governmental policies and regulations,\nincluding regulatory actions concerning rates, authorized return on equity,\nauthorized capital structures, capital expenditures, per- and polyfluoroalkyl\nsubstances and other decisions; (5) changes in demand for water and other\nservices; (6) catastrophic events such as fires, earthquakes, explosions,\nfloods, ice storms, tornadoes, hurricanes, terrorist acts, physical attacks,\ncyber-attacks, epidemic, or similar occurrences; (7) unanticipated weather\nconditions and changes in seasonality including those affecting water supply\nand customer usage; (8) the effect of the impact of climate change; (9)\nunexpected costs, charges, expenses, delays or operational challenges in\nscaling infrastructure and expanding service; (10) our ability to successfully\nevaluate investments in new business and growth initiatives; (11)\ncontamination of our water supplies and damage or failure of our water\nequipment and infrastructure; (12) the risk of work stoppages, strikes, and\nother labor-related actions; (13) changes and developments in general\neconomic, political, legislative, business and financial market conditions;\nand (14) the ability to obtain financing on favorable terms, or at all, which\ncan be affected by various factors, including credit ratings, changes in\ninterest rates, compliance with regulatory requirements, compliance with the\nterms and conditions of our outstanding indebtedness, and general market and\neconomic conditions.\n\nThe risks, uncertainties and other factors may cause the actual results,\nperformance or achievements of H2O America to be materially different from any\nfuture results, performance or achievements expressed or implied by such\nforward-looking statements.\n\nIn addition, actual results are subject to these and other risks and\nuncertainties that relate more broadly to our overall business, including\nthose more fully described in our filings with the SEC, including our most\nrecent reports on Form 10-K, Form 10-Q and Form 8-K. Forward-looking\nstatements are not guarantees of future performance, and speak only as of the\ndate made, and H2O America undertakes no obligation to publicly update or\nrevise any forward-looking statement, whether as a result of new information,\nfuture events, or otherwise, except as required by law.\n\nTexas Water Company Contact:\nBrittany Pichler\nCommunications Supervisor\nbrittany.pichler@txwaterco.com\n\nH2O America Contacts:\n\nMedia:\nMichael Ambrozewicz\nVice President of Communications\nMichael.Ambrozewicz@h2o-america.com\n\nInvestors:\nJonathan Reeder\nSenior Director of Treasury and Investor Relations\nJonathan.Reeder@H2O-America.com\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/48c37a00-be67-45a6-aa27-beb4eea712f7)\n\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-10-01T13:33:26.238191718Z","server_sent_at_ms":1790861606238},"received_at":"2026-10-01T13:33:26.288Z","source_url":null},"analysis":{"id":"147011","press_release_id":"158382","analysis_json":{"industry":{"label":"Water Utilities","sector":"Utilities"},"redFlags":["no purchase price or deal consideration disclosed in the release","integration and growth projections subject to forward-looking risk factors including regulatory rate decisions"],"eventType":"m_and_a","narrative":"H2O America's Texas subsidiary, The Texas Water Company, completed the acquisition of all assets of Quadvest, a Houston-area water and wastewater operator.\n\nThe deal more than doubles H2O America's Texas connections; the company expects Texas customers to grow from 8% to 26% of its total customer base by 2029, driven by Quadvest's development pipeline and projected double-digit customer growth.\n\nManagement says the transaction is expected to be accretive to long-term EPS growth and increases geographic and regulatory diversification; Quadvest operations continue without interruption with local teams retained.","sentiment":"bullish","agentHooks":{"shouldPost":true,"suggestedAngle":"Closing of Quadvest deal triples H2O America's Texas footprint — a structural growth and diversification shift for the regulated water utility."},"keyFigures":{"customDimensions":{"people_served":"1.6 million","texas_customer_pct_prior":"8%","texas_customer_pct_by_2029":"26%"}},"quotedText":"This is a significant milestone in our strategy to build a stronger utility portfolio, with Quadvest’s operations projected to deliver double-digit customer growth over the next several years in some of the country’s fastest-growing counties","namedEntities":{"people":[{"name":"Andrew F. Walters","role":"Chair of the Board and CEO, H2O America"},{"name":"Aundrea Williams","role":"President, Texas Water Company"},{"name":"Brittany Pichler","role":"Communications Supervisor, Texas Water Company"},{"name":"Michael Ambrozewicz","role":"VP of Communications, H2O America"},{"name":"Jonathan Reeder","role":"Senior Director of Treasury and Investor Relations, H2O America"}],"products":[],"companies":[{"name":"H2O America","ticker":"HTO","relationship":"acquirer (filer)"},{"name":"The Texas Water Company, Inc. (TWC)","relationship":"subsidiary / acquirer"},{"name":"Texas Water Operation Services, LLC (TWOS)","relationship":"affiliate of TWC"},{"name":"Quadvest","relationship":"target"},{"name":"San Jose Water Company","relationship":"subsidiary"},{"name":"The Connecticut Water Company","relationship":"subsidiary"},{"name":"The Maine Water Company","relationship":"subsidiary"},{"name":"SJWTX, Inc.","relationship":"subsidiary"}],"dollarAmounts":[]},"materialImpact":{"score":3,"reasoning":"Completed acquisition that more than doubles H2O America's Texas water/wastewater connections and is expected to be accretive to long-term EPS growth. However, no purchase price or deal value is disclosed in the release, limiting immediate financial impact assessment."},"tickerRelevance":{"others":[],"primary":"HTO"},"globalImportance":38,"audienceRelevance":30,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"mid-cap utility","eventGravity":"completed bolt-on acquisition, transformative for Texas footprint","sectorWeight":"regulated water utility — rate-base growth relevant","dealValueDisclosed":false}},"event_type":"m_and_a","event_type_secondary":null,"sentiment":"bullish","material_impact_score":3,"narrative":"H2O America's Texas subsidiary, The Texas Water Company, completed the acquisition of all assets of Quadvest, a Houston-area water and wastewater operator.\n\nThe deal more than doubles H2O America's Texas connections; the company expects Texas customers to grow from 8% to 26% of its total customer base by 2029, driven by Quadvest's development pipeline and projected double-digit customer growth.\n\nManagement says the transaction is expected to be accretive to long-term EPS growth and increases geographic and regulatory diversification; Quadvest operations continue without interruption with local teams retained.","key_figures":{"customDimensions":{"people_served":"1.6 million","texas_customer_pct_prior":"8%","texas_customer_pct_by_2029":"26%"}},"named_entities":{"people":[{"name":"Andrew F. Walters","role":"Chair of the Board and CEO, H2O America"},{"name":"Aundrea Williams","role":"President, Texas Water Company"},{"name":"Brittany Pichler","role":"Communications Supervisor, Texas Water Company"},{"name":"Michael Ambrozewicz","role":"VP of Communications, H2O America"},{"name":"Jonathan Reeder","role":"Senior Director of Treasury and Investor Relations, H2O America"}],"products":[],"companies":[{"name":"H2O America","ticker":"HTO","relationship":"acquirer (filer)"},{"name":"The Texas Water Company, Inc. (TWC)","relationship":"subsidiary / acquirer"},{"name":"Texas Water Operation Services, LLC (TWOS)","relationship":"affiliate of TWC"},{"name":"Quadvest","relationship":"target"},{"name":"San Jose Water Company","relationship":"subsidiary"},{"name":"The Connecticut Water Company","relationship":"subsidiary"},{"name":"The Maine Water Company","relationship":"subsidiary"},{"name":"SJWTX, Inc.","relationship":"subsidiary"}],"dollarAmounts":[]},"model_name":"glm-5.3-flashx","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-10-01T13:33:34.227Z","global_importance":38,"audience_relevance":30,"importance_components":{"tickerTier":"mid-cap utility","eventGravity":"completed bolt-on acquisition, transformative for Texas footprint","sectorWeight":"regulated water utility — rate-base growth relevant","dealValueDisclosed":false}},"durationMs":7916,"modelName":"glm-5.3-flashx"}}