M&A Deal Summary

H2O Innovation Acquires Gulf Utility Service

On July 2, 2020, H2O Innovation acquired utilities company Gulf Utility Service for 3M USD

Acquisition Highlights
  • This is H2O Innovation’s 2nd transaction in the Utilities sector.
  • This is H2O Innovation’s 3rd largest (disclosed) transaction.
  • This is H2O Innovation’s 4th transaction in the United States.
  • This is H2O Innovation’s 2nd transaction in Texas.

M&A Deal Summary
Date 2020-07-02
Target Gulf Utility Service
Sector Utilities
Buyer(s) H2O Innovation
Deal Type Add-on Acquisition
Deal Value 3M USD

Target

Gulf Utility Service

Houston, Texas, United States
Gulf Utility Service, Inc. provides cost-effective water and wastewater management solutions for different type of clients such as municipalities, municipal utility districts (MUDs) and public water systems in the State of Texas (United States). Gulf Utility Service is based in Houston, Texas.

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Buyer(S) 1

Buyer

H2O Innovation

Quebec City, Quebec, Canada
Category Company
Founded 2000
Sector Environmental
Employees1,040
Revenue 253M CAD (2023)
DESCRIPTION

H2O Innovation is a provider of membrane filtration solutions for water treatment. H2O Innovation was founded in 2000 and is based in Quebec City, Quebec.

DEAL STATS #
Overall 5 of 6
Sector (Utilities) 2 of 2
Type (Add-on Acquisition) 5 of 6
State (Texas) 2 of 2
Country (United States) 4 of 5
Year (2020) 1 of 1
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-15 Genesys International

Cheshire, United Kingdom

Genesys International Ltd. develops, manufactures and distributes specialty reverse osmosis (RO) membrane chemicals, antiscalants, cleaners, flocculants and biocides, and offers, through a large distribution network of 70 distributors, a portfolio of over 35 diversified products with a unique formulation that is manufactured in its facility located in Cheshire, UK. In addition, Genesys also offers complete laboratory services such as feedwater and pre-treatment tests, membrane autopsies and cleaning program design.

Buy £17M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-12 Leader Evaporator

Swanton, Vermont, United States

Leader Evaporator is a seller of maple farming equipment and products for more than 130 years to maple syrup producers located mainly in the United States. Leader Evaporator is based in Swanton, Vermont.

Buy -
Mergr

Product

Company

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