Ownership of water and wastewater utilities in the U.S. is highly fragmented, including a wide range of stakeholders: municipalities, utility districts, homeowners’ associations, and investor-owned utilities. Among these, however, is an increasingly dynamic group of investor-owned utilities tracked by Bluefield Research’s team of water experts.
While the leading IOUs currently account for an estimated 7% of the total U.S. population served, these players, some of which are publicly traded and private equity backed, are deploying different strategies. Their approaches to growth are being manifested through their M&A, including geographies, acquisition sizes, asset types (i.e., water, wastewater), and policy usage (e.g., fair market value).
This Analyst Presentation draws from Bluefield’s ongoing quarterly analysis and presents critical insights into key market drivers, market share rankings, and deal flow for established investor-owned utilities and new market entrants.