Information on the target
Maverick Water Group ("Maverick" or the "Company") is a Houston-based developer, owner, and operator of alternative non-potable water systems, serving communities across Texas. Founded in 2018, Maverick specializes in developing alternative water system assets that are purpose-built in collaboration with real estate development and industrial customers. The Company aims to provide reliable non-potable water supply solutions to meet the growing demands of its clientele.
With a strong management team that retains a minority stake in the business, Maverick is poised for continued growth. The Company has a significant near-term pipeline that will enable it to scale its platform and address the increasing demand for efficient and sustainable water infrastructure. This strategic acquisition by Apollo-managed funds is expected to enhance Maverick's capabilities and market reach.
Industry overview in the target’s specific country
The Water & Related Utilities (NEC) industry in the United States, particularly in Texas, is experiencing a transformative phase driven by the need for sustainable water management solutions. As one of the fastest-growing states in the nation, Texas faces unique challenges related to water scarcity and infrastructure demands. The increasing population and industrial activities necessitate innovative approaches to water supply, particularly in non-potable applications.
In recent years, the state has seen a surge in investments aimed at developing alternative water systems. These systems are designed to alleviate pressure on potable water supplies while providing reliable solutions for various sectors, including industrial, energy, and real estate. The regulatory environment is also evolving, with state and local governments encouraging the adoption of non-potable water systems to promote sustainability and resource conservation.
Moreover, the demand for resilient infrastructure is paramount as climate change impacts water availability and quality. The Water & Related Utilities (NEC) industry is increasingly focusing on technologies and practices that enhance water reuse and recycling. This shift is not only beneficial for the environment but also presents significant economic opportunities for companies like Maverick that are at the forefront of developing innovative water solutions.
As the industry continues to grow, the collaboration between private equity firms and water utility companies will be crucial in driving advancements and scaling o…