BVRT Utility Holding Company

What BVRT Utility Holding Company does

BVRT Utility Holding Company, LLC is a privately held water and wastewater utility holding company founded in 2013 by Steven Greenberg and headquartered in San Antonio, Texas. The company develops, finances, acquires, constructs, owns, and operates water-related utility assets and infrastructure across the Texas Triangle region, serving private real estate developers, local government utilities, and wholesale water agencies through public-private partnership models. BVRT addresses capital constraints on traditional public financing for water infrastructure in fast-growing Central Texas communities by providing decentralized, rapidly deployable treatment systems.

The company's core technology centers on Membrane Bioreactor (MBR) plants and decentralized treatment systems that produce ultra-clean effluent meeting the most stringent Texas Commission on Environmental Quality (TCEQ) standards — water safe for human contact and suitable for reuse applications including irrigation, industrial processes, and watershed replenishment, with reuse water capable of offsetting up to 30% of freshwater demand. BVRT operates through seven wholly-owned subsidiaries: Forest Glen Utility (FGU), Windy Hill Utility (WHU), Plum Creek Utility (PCU), Zipp Road Utility (ZRU), Camino Real Utility (CRU), Spanish Trail Utility, and O & M Management Services (OMMS), covering Hays, Caldwell, Travis, Guadalupe, and Medina counties.

Revenue is generated through regulated utility rates derived from owning and operating water production, treatment, collection, water resource recovery, and reuse assets delivered to communities, developers, and local governments. The company's go-to-motion is enterprise field sales targeting public-private partnerships with developers, local utilities, and wholesale agencies. In January 2026, California Water Service Group announced an agreement to acquire BVRT and become its sole owner, with the transaction expected to close by year-end 2026. Concurrently, BVRT II is deploying $50 million in a new water resource recovery facility in Howe, Texas, indicating continued expansion alongside the pending ownership change.

Name

BVRT Utility Holding Company

Legal name

BVRT Utility Holding Company LLC

Website

https://bvrtwater.com

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

11–50 employees

Short description

BVRT Utility Holding Company is a San Antonio-based water and wastewater utility holding company that owns and operates seven subsidiary utilities across the Texas Triangle, providing decentralized treatment and water reuse services to private developers, municipalities, and wholesale agencies under public-private partnership models.

Ownership category

akta.pro rank

Product category

Water and Wastewater Utility Services

NAICS

Water, Sewage and Other Systems (2213), Sewage Treatment Facilities (22132)

SIC

Electric, Gas & Sanitary Services (4900), Sanitary Services (4950)

akta.pro primary industry

Onsite/Decentralized Reuse Utilities (District/Building‑Scale Reuse as a Service) (EUANAGAH)

akta.pro secondary industries

Design & Engineering for Renewal/Expansion (Pipelines, Pump Stations, Treatment Plants) (EUANALAD), Treated Water Storage & Pressure Management (Reservoirs, Tanks, Booster Stations) (EUANAAAD), Monitoring & Control (Dosing Systems, Remote Monitoring, Sensors) (BPABAJAK)

Keywords

• Water utility services
• Wastewater treatment
• Water resource recovery
• Decentralized treatment systems
• Public-private water partnerships

Headquarters

HQ city

San Antonio

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Infrastructure, Operations, Supply Chain, Technology or R&D, Marketing or Sales

Revenue model

1. Water and Wastewater Utility Services: BVRT generates revenue through ownership and operation of water and water resource recovery utility assets. Revenue is derived from providing water production, treatment, and reuse services to communities, developers, and local governments in the Texas Triangle.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

BVRT Utility Holding Company, LLC owns and operates water-related utility assets and infrastructure across the Texas Triangle through wholly owned subsidiaries. It develops, finances, acquires, constructs, owns, and operates water and wastewater systems via public-private partnerships with municipalities, special utility districts, wholesale agencies, and private developers. Service delivery uses Membrane Bioreactor (MBR) plants and decentralized treatment systems to provide water production, treatment, collection, water resource recovery, and reuse for residential and commercial communities.

Product overview

BVRT Utility Holding Company operates as a water and water resource recovery utility holding company with seven subsidiary brands serving the Texas Triangle region. The portfolio includes Forest Glen Utility, Windy Hill Utility, Plum Creek Utility, Zipp Road Utility, Camino Real Utility, Spanish Trail Utility, and O&M Management Services (OMMS). Services encompass the complete water cycle from needs assessment and strategic planning through water resource identification, asset development, and ongoing operations and management. The company builds, finances, and operates water and wastewater systems for private developers, investor-owned utilities, and local government entities through public-private partnerships.

Differentiator

Problem solved

Functional benefit

Products and services

• Forest Glen Utility (FGU) Wholly owned BVRT subsidiary utility located in Medina County, Texas, providing sewer treatment service and recovered water for reuse as irrigation and other outdoor uses to the Potranco Ranch Subdivision via a three-phase treatment process.
• Windy Hill Utility (WHU) Wholly owned BVRT subsidiary utility providing water resources recovery and reuse water services to the area between Buda and Kyle in Hays County, including the Estates of Windy Hill subdivision, with a state-of-the-art MBR system producing reuse water meeting stringent TCEQ standards.
• Plum Creek Utility (PCU) Wholly owned BVRT subsidiary utility providing wholesale water resources recovery and complete utility system operations for the County Line Special Utility District, including the City of Uhland and unincorporated areas of Hays and Caldwell County.
• Zipp Road Utility (ZRU) Wholly owned BVRT subsidiary utility located in Guadalupe County providing water resources recovery collection services to the Samuel's Court and Solm's Preserve Subdivisions, encompassing 90 acres with 364 residential units and 4 acres of commercial development.
• Camino Real Utility (CRU) Wholly owned BVRT subsidiary utility providing water resources recovery and re-use water services for the City of Mustang Ridge and surrounding areas in Travis and Caldwell Counties.
• Spanish Trail Utility Wholly owned BVRT subsidiary utility located in Hays County providing water resource recovery for the Great Hills Community and surrounding area.
• O & M Management Services (OMMS) Wholly owned BVRT subsidiary operations and maintenance management services company providing water and wastewater operations, management, and maintenance services to private and municipal sector clients, operating all of BVRT's utility companies.
• Water Resources Services Full-cycle water resource services offering spanning needs assessment, strategic planning, water resource identification and validation, asset development and acquisition, and ongoing asset operations and management, delivered to private developers, investor-owned utilities, and local government utilities through public-private partnerships.
• Howe Water Resource Recovery Facility New water resource recovery facility under development in Howe, Texas, providing local wastewater treatment for the first time to the City of Howe. First-phase capacity is 600,000 gallons per day, with full build including $25 million from BVRT II and $10 million in infrastructure upgrades for a projected ~$50 million total investment.

Quantifiable outcome

• Effluent quality exceeds standard requirements — water suitable for human contact, cleaner than sources of most drinking water
• +1 more outcomes

Named customers5 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Two partnerships are on record, tiered core and minor.

• Texas Commission on Environmental Quality (TCEQ)coreOthersBVRT works with TCEQ to ensure compliance with water quality permits, standards, and regulations. The company meets the most stringent water quality discharge standards set by TCEQ from its inception in 2013, with effluent suitable for reuse and 100% safe for human contact.
• Local Watershed Conservation Districts and Water AuthoritiesminorStrategic or Co-development PartnerBVRT is involved with local watershed conservation districts and water authorities, supporting their programs by making resources available. In some districts, BVRT has offered funding to reduce fees for converting septic systems to sewer connections.

Scale indicators3 records

Recent moves5 records

Expansion highlights5 records

Regional players

• Austin Water: Austin Water is the municipal water and wastewater utility serving the City of Austin and surrounding Travis County areas. It is the dominant regional player in one of BVRT's core counties and the alternative against which BVRT's P3 developer offering competes for greenfield growth.
• North Texas Municipal Water District: NTMWD is a large Texas regional water and wastewater authority serving fast-growing North Texas communities. Its wholesale and retail utility model across multiple member cities provides a regional benchmark for the multi-subsidiary, multi-county utility structure BVRT is building.
• Guadalupe-Blanco River Authority (GBRA): GBRA is a Texas water authority that supplies wholesale water and operates wastewater services across the Guadalupe and San Antonio River basins. BVRT's Camino Real Utility has an active long-term water supply agreement with GBRA, positioning it as both a regional partner and adjacent competitor for service territory.

Direct peers

• Inframark: Inframark is a leading third-party water and wastewater operations and maintenance provider serving municipal and private-sector clients. Its OMMS-style O&M offering and developer/municipality customer base make it a direct functional peer to BVRT's operations arm.
• Corix Group: Corix is a P3-focused water and wastewater infrastructure provider that designs, finances, builds, and operates decentralized systems for municipalities and developers. Its business model and target customers closely mirror BVRT's P3 utility holding structure across North America.

Broad incumbents

• SJW Group: SJW Group is a publicly-traded water utility holding company pursuing growth through acquisitions of regulated water systems. Its M&A-driven, utility-holding model and rate-base approach provide a relevant benchmark for BVRT's post-Cal Water operating structure.
• Aqua Texas (Essential Utilities): Aqua Texas is the Texas-regulated water and wastewater utility subsidiary of Essential Utilities, operating regulated water systems across the state. It is a broader incumbent that competes for community service area acquisitions and represents the type of regulated utility BVRT could grow into post-Cal Water close.
• American Water Works: American Water is the largest publicly-traded US water and wastewater utility, providing regulated and military services across the country. Its Texas Military and regulated operations make it a broad incumbent benchmark for BVRT's growth trajectory and rate-base economics.
• Veolia North America: Veolia operates and maintains municipal and industrial water/wastewater systems across Texas and the US via long-term O&M contracts. It competes with BVRT's OMMS subsidiary for third-party operations mandates and with BVRT itself for community service area partnerships.
• EPCOR USA: EPCOR USA owns and operates regulated water and wastewater utilities in Texas and the Southwest, often partnering with municipalities on P3 service area transfers. It is a direct comparable for BVRT's growth model of acquiring and operating municipal systems under P3 structures.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/bvrtwater

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries7 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 BVRT Utility Holding Company