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This quarterly review highlights key trends, transactions, and competitive shifts in the U.S. private water market. Bluefield’s team of water experts tracks mergers and acquisitions (M&A); service contract awards; and federal, state, and local policy developments on an ongoing basis to provide the most reliable and up-to-date insights for clients addressing opportunities in water.
In this Quarterly Analysis:
- IOU M&A downturn continues into Q3. The U.S. regulated water utility sector continues to see a downturn in deal flow, with Q3 2024 marking the lowest number of approved deals in a decade.
- Cybersecurity concerns highlight digital transaction risks for utilities. American Water’s recent cyberattack underscores utilities’ vulnerabilities as they adopt digital solutions.
- Private, third-party O&M segment gains traction among diversified stakeholders. At an estimated value of US$2.99 billion, the third-party O&M market for municipal water systems remains robust, driven by operational challenges and a volatile workforce.
- Policy developments shape M&A viability and operational standards. Evolving state and federal policies continue to influence the private water sector.
