Quadvest

What Quadvest does

Quadvest is a regulated investor-owned water and wastewater utility serving the Houston metropolitan area and surrounding Southeast Texas communities from its headquarters in Magnolia, Texas. Founded in 1978 by Odell Vaught and Gary Sequeira and remaining family-owned through the Sequeira lineage (current CEO Simon Sequeira), the company delivers water supply and distribution, wastewater collection and treatment, and developer/builder connection services through its Tap Application and Customer Service Inspection program. It operates a self-service Customer Connect Portal for billing and account management. With over 47,000 active connections and an additional 89,000 connections under contract, Quadvest is one of the largest investor-owned water and wastewater utilities in Texas. Revenue is generated primarily through recurring monthly ratepayer charges approved by the Public Utility Commission of Texas (PUCT), supplemented by developer tap/connection fees tied to new residential construction in its service territory.

The company's go-to-market is structurally constrained by its regulated monopoly franchise: it sells directly to residential and small commercial end customers within its assigned Certificate of Convenience and Necessity (CCN) territory, with no meaningful churn risk at the customer level. Quadvest has actively defended customer economics through multi-year litigation against the San Jacinto River Authority (SJRA), including a federal anti-trust win at the U.S. Fifth Circuit and multiple Texas appellate victories that curtailed SJRA's ability to impose groundwater pumpage fees.

Quadvest is currently in the process of being acquired by H2O America (through its regulated Texas subsidiary The Texas Water Company) for approximately $540 million, with the deal announced in July 2025, deemed administratively complete at the PUCT in April 2026, and expected to close in H2 2026. The combined entity is expected to become the second-largest investor-owned water and wastewater utility in Texas by connection count, making Texas H2O America's second-largest market.

Name

Quadvest

Legal name

Quadvest LP

Website

https://quadvest.com

Company type

Private

Founded year

1978

Operating status

Operating

Headcount range

51–100 employees

Short description

Quadvest is a regulated investor-owned water and wastewater utility serving over 47,000 active residential and commercial connections across Southeast Texas. Founded in 1978 and family-owned, it is being acquired by H2O America for approximately $540 million.

Ownership category

akta.pro rank

Product category

Water and Wastewater Utilities

NAICS

Waste Collection (56211)

SIC

Water, Sewer, Pipeline, Comm & Power Line Construction (1623)

akta.pro primary industry

Multi-Utility Distribution Companies (Electric + Gas/Water Distribution) (EUADABAJ)

Keywords

• Water utility services
• Wastewater treatment
• Residential water supply
• Utility infrastructure
• Developer tap services

Headquarters

HQ city

Magnolia

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Supply Chain, Others

Distribution channels1 record

Core offering

Quadvest is a regulated investor-owned water and wastewater utility that provides water supply and distribution, wastewater collection and treatment, and tap connection services to residential and commercial customers across Southeast Texas, primarily in the Houston metropolitan area and Montgomery County. The company also operates a Customer Connect Portal for online bill payment and account management.

Product overview

Quadvest is a regulated investor-owned water and wastewater utility company serving the Houston metropolitan area in Southeast Texas. The company operates as a single unified utility offering, providing water supply, wastewater services, and related customer self-service tools through its Customer Connect Portal. The company serves over 47,000 active connections with 89,000 more under contract, primarily serving residential customers with some commercial operations. Developer and builder services are offered through the Tap Application process for new construction projects.

Differentiator

Problem solved

Functional benefit

Products and services

• Water Services Provides water supply and distribution services to residential and commercial customers in Southeast Texas, with reliable supply and consistent quality standards.
• Wastewater Services Provides wastewater collection and treatment services to customers in the Houston metropolitan area.
• Customer Connect Portal Online self-service portal enabling Quadvest customers to pay bills, manage accounts, and access account information.
• Tap Application & Customer Service Inspection (CSI) Service

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered core and minor.

• H2O AmericacoreStrategic or Co-development Partner · 27 February 2026H2O America, through its regulated Texas subsidiary The Texas Water Company (TWC) and affiliate Texas Water Operation Services (TWOS), entered into an agreement to acquire Quadvest for approximately $540 million. The transaction is pending regulatory approval from Texas (PUCT), with the STM application deemed administratively complete in April 2026 and expected closing in H2 2026. The acquisition is expected to be accretive to H2O America's long-term growth rate and will make Texas the second-largest market for the combined entity.
• NextEra WaterminorStrategic or Co-development Partner · 14 July 2022Quadvest completed the sale of water and wastewater utility assets to NextEra Water. This strategic transaction provided Quadvest with capital to continue its growth trajectory and remain a leader in providing utilities to the residential and commercial development communities in the greater Houston area.

Scale indicators3 records

Recent moves9 records

Expansion highlights5 records

Others

• San Jacinto River Authority: A conservation and reclamation district that supplies raw water to utilities (including Quadvest) in Montgomery County. Comparable as a water-sector counterparty in Quadvest's region — relevant for understanding Quadvest's input-supply structure and regulatory environment rather than as a direct competitor.

Direct peers

• Middlesex Water Company: Investor-owned water and wastewater utility serving New Jersey and Delaware. Comparable as a small-cap regulated water utility with both water and wastewater operations under tariff-based rates — a close analog to Quadvest's size and business mix.
• York Water Company: The oldest publicly traded water utility in the U.S., serving ~210,000 people in Pennsylvania. Comparable as a long-standing, geographically concentrated investor-owned water utility with steady rate-base growth.
• California Water Service Group: Investor-owned water utility serving ~2 million people across California, Washington, New Mexico, Hawaii, and Texas. Comparable as a regulated water-only IOU with active Texas expansion via acquisitions, mirroring Quadvest's regulated utility model.
• Essential Utilities: Multi-state water, wastewater, and natural gas utility (formerly Aqua America) serving ~5 million people across Pennsylvania, Ohio, Texas, and other states. Directly comparable as a regulated water and wastewater IOU with active growth via acquisitions in Texas and the U.S. Sun Belt.
• Global Water Resources: Pure-play water and wastewater utility focused on growth communities in the Phoenix metropolitan area of Arizona. Comparable as a smaller, growth-oriented regulated water and wastewater utility serving Sun Belt master-planned communities — analogous to Quadvest's developer-driven Houston model.
• Artesian Resources Corporation: Investor-owned water and wastewater utility serving customers throughout the Delmarva Peninsula. Comparable as a small-cap regulated water and wastewater IOU focused on a contiguous regional service territory.
• H2O America (formerly SJW Group): Acquirer of Quadvest and one of the largest pure-play water utilities in the U.S.; operates Connecticut Water, San Jose Water, and now The Texas Water Company. Directly comparable as an investor-owned water and wastewater utility pursuing a Texas growth strategy.

Broad incumbents

• American Water Works Company: The largest publicly traded investor-owned water and wastewater utility in the United States, serving ~14 million people across 14 states. Comparable as a scaled regulated water utility with similar regulatory and capital-deployment dynamics, though far larger and more geographically diverse than Quadvest.

Emerging players

• NextEra Water: Water infrastructure arm of NextEra Energy that acquired Quadvest's non-core utility assets in 2022. Comparable as a regulated water utility acquirer operating in Texas, with deep infrastructure capital backing.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/quadvest
• YouTubeyoutube.com/channel/UCZScfbBFkHnsyen409QnP7Q
• Facebookfacebook.com/QuadvestLP
• Instagraminstagram.com/quadvestlp

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Quadvest