BDC leads $13 mln funding of H2O Innovation add-on deal
H2O Innovation Inc (TSX-V: HEO) has wrapped up its acquisition of Hays Utility South Corp, a Spring, Texas-based provider of water and wastewater asset management services for municipal utility districts. The purchase price was about $8.9 million. H2O, a Québec City-based specialist in technologies for water filtration, treatment and reuse, said the acquisition will expand its business in Texas. The deal was financed by a $13 million private placement of subscription receipts led by BDC Capital. H2O's existing shareholders, Caisse de depot et placement du Québec and Investissement Québec, also invested.
10 December 2018•5 mins read
