M&A Deal Summary

Hydro Recovery Acquires Keystone Clearwater Solutions

On November 21, 2019, Hydro Recovery acquired utilities company Keystone Clearwater Solutions from American Water

Acquisition Highlights
  • This is Hydro Recovery’s 1st transaction in the Utilities sector.
  • This is Hydro Recovery’s 1st transaction in the United States.
  • This is Hydro Recovery’s 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2019-11-21
Target Keystone Clearwater Solutions
Sector Utilities
Buyer(s) Hydro Recovery
Sellers(s) American Water
Deal Type Divestiture

Target

Keystone Clearwater Solutions

Hershey, Pennsylvania, United States
Keystone Clearwater Solutions LLC is a water service provider offering a range of water-related services to the oil and gas industry primarily in the Appalachian region of Pennsylvania, Ohio and West Virginia.

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Buyer(S) 1

Buyer

Hydro Recovery

Blossburg, Pennsylvania, United States
Category Company
Sector Environmental
DESCRIPTION

Hydro Recovery is a manufacturer of Hydraulic Stimulation Fluid (HSF™) that is used in the exploration of natural gas in the Marcellus Shale play. The company uses a unique and environmentally conscious process to turn drilling fluids, flowback water, frac water, production water or pit water into a recycled product to be used in fracturing shale. Hydro Recovery is based in Blossburg, Pennsylvania.

DEAL STATS #
Overall 1 of 1
Sector (Utilities) 1 of 1
Type (Divestiture) 1 of 1
State (Pennsylvania) 1 of 1
Country (United States) 1 of 1
Year (2019) 1 of 1

Seller(S) 1

SELLER

American Water

Camden, New Jersey, United States
Category Company
Founded 1886
Sector Utilities
Employees6,500
Revenue 4.2B USD (2023)
DESCRIPTION

American Water is a geographically diversified United States water and wastewater utility company. The Company's primary business involves the ownership of subsidiaries that provide water and wastewater utility services to residential, commercial, industrial and other customers, including sale for resale and public authority customers. American Water was incorporated in 1886 and is based in Camden, New Jersey.

DEAL STATS #
Overall 3 of 4
Sector (Utilities) 2 of 3
Type (Divestiture) 3 of 4
State (Pennsylvania) 2 of 2
Country (United States) 3 of 4
Year (2019) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-20 American Water Works - New York American Water

Merrick, New York, United States

American Water's New York American Water is a regulated water and wastewater utility serving over 125,000 customer connections across seven counties in southeastern New York. Operations include approximately 1,270 miles of water mains and distribution lines with 98% of customers in Nassau County on Long Island.

Sell $608M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-29 Oncourse Home Solutions

Naperville, Illinois, United States

Oncourse Home Solutions provides various warranty protection programs and other home services to residential customers across the country. The company's customer-facing brands include American Water Resources and Pivotal Home Solutions. It currently has nearly 3 million customer contracts across 43 states and Washington, D.C. Oncourse Home Solutions is based in Naperville, Illinois.

Sell -
Mergr

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