#USA #EQT #New York #Water-as-a-Service #Seven Seas

EQT Acquires Seven Seas Water Group

EQT, a leader in investment management, has officially announced its plan to acquire Seven Seas Water Group, a prominent provider of sustainable water and wastewater solutions. This strategic acquisition highlights EQT's ongoing commitment to investing in essential infrastructure which plays a vital role in addressing today’s global water challenges.

The Evolution of Water Solutions

Seven Seas Water Group operates under the innovative model of Water-as-a-Service® (WaaS®), delivering sustainable water solutions to various communities across the United States, Caribbean, and Latin America. Headquartered in Tampa and Houston, the company has established over 220 water and wastewater treatment plants, ensuring a crucial supply of water to areas that are in dire need, especially those faced with water scarcity and aging infrastructure crises.

For over 20 years, Seven Seas has effectively utilized its expertise in the development and operation of water facilities to address these pressing issues. Their integrated model tackles not only the current infrastructure challenges but also adapts to the evolving needs of local communities. This adaptability is increasingly essential as more places experience population growth and the impacts of climate change.

According to the U.S. Environmental Protection Agency, approximately $75 billion in investments will be needed for decentralized wastewater treatment systems by 2042 to achieve national water quality goals. Seven Seas is uniquely poised to meet this challenge, offering adaptable and scalable solutions tailored to local needs—ranging from desalination to advanced water purification technologies and wastewater recycling solutions.

Supporting Sustainable Growth

EQT’s acquisition is more than just a business transaction; it represents a shared vision for sustainable development. Alex Darden, Partner and Head of EQT's Infrastructure Advisory Team Americas, emphasized the importance of the partnership, stating: "EQT has closely monitored Seven Seas and the water sector for years, recognizing the significant growth opportunities within this essential industry. Together, we aim to enhance access to potable water for populations who might otherwise lack it."

Moreover, EQT plans to leverage its extensive resources and expertise to propel Seven Seas's growth forward. By optimizing plant operations through modern digital technologies and utilizing its vast global network, EQT intends to expand Seven Seas into new markets while continuing to support existing locations.

Building a Sustainable Future

Henry Charrabé, CEO of Seven Seas Water Group, expressed enthusiasm about the forthcoming collaboration. "We are eager to build on our long-standing success and further accelerate our growth trajectory with EQT. Their focus on sustainability aligns perfectly with our existing strategy and will strengthen our ability to deliver Water-as-a-Service® solutions to our clients," he remarked.

This collaboration signifies a critical investment in the future, ensuring that communities have access to necessary water and wastewater services while also paving the way for innovative solutions within the sector. As the demand for secure, reliable water sources grows, the efforts garnered from this acquisition will play a significant role in maintaining public health and environmental sustainability.

Conclusion

As EQT and Seven Seas Water Group work together to enhance their service delivery, the implications are substantial. This acquisition not only strengthens both companies but also responds to the urgent need for investment in water infrastructure—ultimately enriching the quality of life for numerous communities who rely on these services. The partnership between EQT and Seven Seas is a commitment to a sustainable, efficient, and innovative future in water management.