Latest News

WaterBridge continues oilfield M&A ahead of IPO

Oilfield water services firm WaterBridge Resources has announced its second acquisition this year, as it bulks up in preparation for an initial public offering within the next 18 months.

The acquisition of Arkoma Water Resources this week expands WaterBridge’s footprint into Oklahoma – where Arkoma owns 110 miles of produced water pipeline and saltwater...

Agbar moves its global headquarters to Madrid

Suez’s Catalunya-based subsidiary Agbar has announced that it intends “to shift its headquarters temporarily” from Barcelona to Madrid to protect investors from the uncertainty caused by the Catalan independence referendum.

“Constitutional stability would need to be restored” before a move back to Barcelona would be considered, an Agbar...

IMF urges restraint on Saudi water tariff reform

A report by the International Monetary Fund (IMF) has encouraged the Saudi government to take a “more gradual” approach to its plans to raise water tariffs to a more cost-reflective level.

The IMF report, released at the end of last week, acknowledged that the process of raising water tariffs, which began in 2016 with a widely unpopular implementation of new...

Evoqua set to continue acquisitive spree post-IPO

Having spent over $400 million on eight acquisitions during the past 18 months, Evoqua has identified more than 60 more potential targets for inorganic growth as it prepares to conduct its initial public offering in the US.

The business generated pro forma adjusted EBITDA of $182.4 million on revenues of $1.2 billion in the year ended 30 September 2016, with the fastest...

Design-build goes mainstream in the US water sector

The proportion of US water and wastewater projects procured using design-build delivery continues to increase, and the delivery method is expected to account for more than 10% of capital outlays in the sector by 2021.

Those are the findings of a new report published this week by the Water Design-Build Council, which observed that the current run rate of DB projects in...

CEO merry-go-round fuels US takeover speculation

The biggest CEO reshuffle of recent times in the US regulated water sector will see the sector’s longest-serving incumbent, Rich Roth of San Jose Water, retire next month, to be succeeded by Connecticut Water CEO Eric Thornburg.

Connecticut Water veteran David Benoit will step up from the CFO position to fill Thornburg’s shoes.

Roth’s tenure has seen...