Business context and reporting period
H2O America filed this Form 8-K on October 1, 2026, reporting completion that day of two acquisitions from Quadvest entities: a regulated water and sewer utility business and a wholesale water and sewer business in Texas.
Transaction and financial information
- The aggregate base purchase price was $540 million, subject to customary purchase price adjustments under the asset purchase agreements.
- H2O America’s indirect subsidiary SJWTX, Inc. acquired substantially all assets related to Quadvest Retail’s regulated business. Its indirect subsidiary Texas Water Operation Services, LLC acquired substantially all assets related to Quadvest Wholesale’s wholesale business.
- This filing does not provide revenue, profit, cash flow, margin, debt, liquidity, or other operating metrics for the acquired businesses or H2O America.
Changes, outlook, and contingencies
The filing reports transaction completion; it does not provide guidance or management commentary on expected financial or operating effects. The final consideration may change through the purchase price adjustments. Acquired-business financial statements and pro forma financial information were to be filed by amendment as soon as practicable and no later than 71 days after the report’s filing deadline. The referenced press release is identified as an exhibit, but its contents are not included in the supplied filing text.
Important facts to verify
- Final purchase price after customary adjustments and any other closing terms.
- Acquired-business financial statements and pro forma results when filed.
- Expected impact of the acquisitions on H2O America’s revenue, earnings, cash flow, debt, and liquidity.
- Details in the October 1, 2026 press release, which are not provided in the supplied text.