H2O Innovation Enters US Operation and Maintenance Market With the Acquisition of Utility Partners and Concurrent Private Placement of $20 M
Key Highlights- Acquisition of a leading US player specializing in the operation and maintenance of water and wastewater treatment plants for small to mid-size municipalities across the United States; - Establishes third complementary business pillar with an enhanced presence in the US creating synergies and cross-selling opportunities; - Increases H2O Innovation backlog by $88.3 M to be realized over the next 5 years; - Solidifies H2O Innovation's position as a partner of choice for Design-Build-Operate contracts; - Expected to be immediately accretive to earnings and cash flow with an additional $34.5 M in revenues and adjusted EBITDA of $2.9 M;
