On 9 November 2019, the City of Copperas Cove, Texas received an email notification from Fathom, its digital water solutions provider, that it will be going out of business, effective immediately. With the dust still far from settling on Fathom’s announcement to shutter its doors, the industry impacts are likely to extend well beyond the company’s estimated 28 municipal clients that have been left in the lurch.
In this Research Note, Bluefield’s water experts analyze:
- Signposts appearing from late 2018
- Fathom’s unsustainable business model and barriers to growth
- Lessons learned from Fathom’s collapse