Story · San Antonio
Xylem to Acquire WaterFleet from EagleTree for $200 Million
Water technology firm Xylem has announced its acquisition of WaterFleet, a San Antonio, Texas-based provider of mobile water and wastewater utility services and workforce relief solutions, for $200 million. WaterFleet is backed by private equity firm EagleTree Capital. The deal underscores Xylem's strategy to expand its capabilities in mobile water solutions and address growing demand for flexible water and wastewater services, particularly in industrial and emergency response contexts. The acquisition is expected to close in the first half of 2025, subject to regulatory approvals.
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