Business
H2O America more than Doubles Texas Wastewater Connections with Texas Subsidiary’s Acquisition of Cibolo Valley assets from South Central Water Company
Serves more than 1,500 wastewater connections within Texas Water’s existing water service areaCustomers will have a single provider for water and wastewater
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[{"type":"text","content":"Serves more than 1,500 wastewater connections within Texas Water’s existing water service areaCustomers will have a single provider for water and wastewater driving convenience and efficiencyTransaction to utilize Texas Fair Market Value CANYON LAKE, Texas, Aug. 27, 2025 (GLOBE NEWSWIRE) -- H2O America (NASDAQ: HTO) today announced that its regulated Texas water and wastewater utility, The Texas Water Company, Inc. (“TWC”) and South Central Water Company (“SCW”), a privately owned wastewater company in Bulverde, Texas, have entered into an agreement pursuant to which TWC will acquire a portion of the assets of SCW, specifically the Cibolo Valley wastewater treatment plant and associated collection systems. The transaction will expand TWC’s service footprint in the Texas Hill Country by adding over 1,500 new wastewater connections to its existing base of approximately 1,200 connections. Additionally, the Cibolo Valley wastewater system has more than 250 wastewater connections under contract and pending construction. “This is a substantial expansion of owned wastewater connections in Texas and across our national platform – more than doubling connections within Texas and an increase of more than 35% across all of H2O America,” stated Bruce A. Hauk, president and chief operating officer of H2O America. “Wastewater is a core business for H2O America and we bring to it the same expertise and commitment to operational excellence that we demonstrate day-in and day-out in our drinking water systems including investment in building and expanding wastewater infrastructure to serve communities.” Aundrea Williams, president of TWC, stated, “This is a natural fit within our existing footprint. The entire SCW service area lies within our water service area, and we have been providing billing services to SCW —so we expect this transition to be seamless for the customers of SCW and TWC. The combination of the Cibolo Valley assets with TWC increases efficiency and provides greater convenience for customers through our robust customer experience solutions.” TWC plans to use Texas Fair Market Value for this transaction and expects the application to be filed with the Public Utilities Commission of Texas in the third quarter of 2025 with a closing expected in the fourth quarter of 2026. This is the second acquisition announced by H2O America and TW...