EQT to acquire Seven Seas Water Group, a leading provider of sustainable water and wastewater solutions
- Strategic acquisition in growing water infrastructure market with $75B investment potential through 2042
- Established platform with 220+ water treatment plants across multiple regions
- EQT's digital expertise and global network can enhance operational efficiency
- Recurring revenue model through Water-as-a-Service® business model
- Transaction subject to regulatory approvals and conditions
- Integration challenges in managing decentralized operations across multiple regions
- High capital requirements for infrastructure expansion
- Seven Seas Water Group delivers water and wastewater solutions through its Water-as-a-Service® model to communities across the
U.S. ,Caribbean andLatin America , addressing vital segments of the water value chain that are central to resilient supply and require significant long-term investment - Transaction underscores EQT's commitment to investing behind essential infrastructure, partnering with established platforms that deliver sustainable, mission-critical services aligned with global needs for resource efficiency
- EQT aims to accelerate Seven Seas Water Group's continued growth and support the Company's mission to provide safe, reliable and cost-effective water and wastewater treatment solutions to the people and regions it operates in
Headquartered in
Water access and wastewater treatment are critical services, particularly in communities facing water scarcity and aging infrastructure driven by population growth, suburban expansion, and extreme weather-pressures that are accelerating the shift toward decentralized utility systems. The
As a well-established owner and operator of decentralized water and wastewater treatment plants, Seven Seas is purpose-built to meet this evolving need and support the communities most affected by these challenges. The Company delivers flexible, scalable solutions where legacy water and wastewater infrastructure falls short, covering all aspects of the water cycle through customized desalination, advanced water purification, wastewater treatment and reuse and recycle services.
EQT will support the Seven Seas management team in accelerating the deployment of water and wastewater treatment plants. It will leverage its in-house digital expertise to support the Company in further optimizing the platform's operations and efficiency, while drawing on its global network and deep industry expertise to expand into new geographies.
Alex Darden, Partner and Head of EQT's Infrastructure Advisory Team Americas, said: "EQT has followed Seven Seas and the water sector closely for many years, recognizing the strong thematic tailwinds supporting the industry. Seven Seas provides critical access to potable water in areas where a large portion of the population would otherwise not have access to clean water and wastewater infrastructure. We're excited to join forces with the Seven Seas team to help drive more efficient water and wastewater management and fulfill their mission to expand access to clean, affordable water in the communities where it is needed the most."
Henry Charrabé, CEO of Seven Seas Water Group, said "We are excited to build upon the success we've achieved over the years and look forward to further accelerating Seven Seas' growth trajectory alongside EQT. EQT's long-term vision and focus on sustainability align closely with our strategy, and as an investor with deep infrastructure expertise, will further support and strengthen our platform expansion through our valued Water-as-a-Service® solutions. EQT's financial strength and familiarity with the water and wastewater treatment business will allow us to execute on our ambitious growth plans while continuing to help deliver great value to our customers and partners."
The transaction is subject to customary conditions and approvals.
EQT was advised by Royal Bank of Canada (financial) and A&O Shearman (legal).
With this transaction, EQT Infrastructure VI is expected to be 50-55 percent invested (including closed and/or signed investments, announced public offers, if applicable, and less any expected syndication).
Contact
EQT Press Office, press@eqtpartners.com
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Press Release, EQT Infrastructure VI, SSWG, 220525 | |
SSWG Alice TX |
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SOURCE EQT