NextEra Water acquires water and wastewater utility assets from Quadvest

NextEra Water Texas has closed the previously announced acquisition of 23 water and five wastewater utility assets near Houston, Texas from Quadvest, a water and sewer utility company.

The assets are located across eight counties, that include Aransas, Fort Bend, Brazoria, Jackson, Harris, Montgomery, Matagorda, and Waller.

NextEra Water Texas, which is an indirect subsidiary of NextEra Energy Resources, will now serve an additional 2,700 customers through the acquisition.

Bruce Hauk — NextEra Water president said: “This acquisition marks our first purchase of water and wastewater assets and furthers our strategy to build a world-class water utility in the coming years.

“We are committed to meeting high standards for the operation of these assets and providing exceptional service to community residents and businesses.”

Quadvest said that the deal will help it continue to be a leading utility provider in the greater Houston area.

Simon Sequeira — Quadvest CEO said: “Congratulations to all the hard-working people at Quadvest who made this strategic sale possible. Their unwavering commitment and dedication make Quadvest what it is today.

“We are confident that NextEra Water will be good stewards of these systems and provide the highest level of customer service and operational excellence.”