Duyuru • Nov 15
H2O Innovation Inc. Expands Its Offices to Consolidate Business Operations in Texas H2O Innovation Inc. announced that it is relocating its Cypress and Spring Operation & Maintenance (O&M) offices into a single and larger industrial facility to better serve its clients and expand its market presence in the Houston area. Since H2O Innovation entered the Houston market with the acquisition of Hays Utility South Corporation (Hays) in 2018 and Gulf Utility Service Inc. (GUS) in 2020, it has experienced significant growth. This transition will consolidate and relocate the Corporation's O&M offices in Texas to streamline its operations in one single 24,500 square foot industrial facility. The key improvements in H2O Innovation's new facility include a customer service desk designed to cater to over 65 Municipal Utility Districts (MUD), Public Utility Districts, private water systems and industrial clients, which represent more than 37,448 connections, a new call-in center, as well as more convenient premises and modern equipment for the Corporation's 97 employees in Houston. The new facility's more functional parking lot will also provide increased convenience and ease of access for H2O Innovation's clients. Furthermore, H2O Innovation will use an adjacent 1.5-acre laydown yard to optimize its service vehicle operations, as this new space will accommodate the Corporation's fleet of over 100 vehicles. This relocation thus involves growth potential and aligns with H2O Innovation’s objectives of expanding its market presence and fortifying its operational capabilities. The negotiations were facilitated by Transwestern Real Estate Services (TRS), a trusted partner in this pivotal move. The Corporation's relocation to the new facility is expected to take place in November 2023. Duyuru • Nov 01
H2O Innovation Inc. to Report Q1, 2024 Results on Nov 14, 2023 H2O Innovation Inc. announced that they will report Q1, 2024 results at 8:00 AM, Eastern Standard Time on Nov 14, 2023 Duyuru • Oct 05
Funds managed by Ember Infrastructure Management, LP, Investissement Québec, Caisse de dépôt et placement du Québec and the key executives of H2O Innovation Inc. entered into a definitive agreement to acquire H2O Innovation Inc. (TSX:HEO) from Investissement Québec, Caisse de dépôt et placement du Québec, the key executives and others for approximately CAD 380 million. Funds managed by Ember Infrastructure Management, LP, Investissement Québec, Caisse de dépôt et placement du Québec and the key executives of H2O Innovation Inc. entered into a definitive agreement to acquire H2O Innovation Inc. (TSX:HEO) from Investissement Québec, Caisse de dépôt et placement du Québec, the key executives and others for approximately CAD 380 million on October 3, 2023. Ember Infrastructure will acquire all of the issued and outstanding common shares in the capital of H2O Innovation, other than the shares to be rolled over by Investissement Québec (“IQ”), Caisse de dépôt et placement du Québec (“CDPQ”) and the key executives of the Corporation (collectively, the “Rollover Shareholders”), for CAD 4.25 in cash per share. As part of the transaction, IQ has agreed to roll over all of its shares and increase its existing equity ownership in H2O Innovation by acquiring approximately CAD 20 million of additional shares for an amount per share equal to the consideration. Furthermore, CDPQ has agreed to roll over the majority of its shares and the key executives of H2O Innovation have agreed to roll over a portion of their shares for an amount per share equal to the consideration. Upon completion of the transaction, Ember will be the controlling shareholder of H2O Innovation, with IQ, CDPQ and the key executives of H2O Innovation, together, holding an equity interest in H2O Innovation of approximately 21%. Ember is funding its portion of the purchase price with capital it manages on behalf of its limited partners via private equity fund capital as well as select co-investors, including funds affiliated with the Ontario Power Generation Inc. Pension Fund. Pursuant to the agreement, H2O Innovation has a 30-day go-shop period that will extend from October 3, 2023 to November 2, 2023, during which Scotia Capital Inc. will solicit third-party interest in submitting a proposal which is superior to the proposal made by Ember. Upon closing of the transaction, H2O Innovation shares will be delisted from the TSX. H2O Innovation’s head office will remain in the Province of Québec.
The transaction is subject to court approval and H2O Innovation shareholders. H2O Innovation’s board of directors unanimously approved the transaction. The transaction is not subject to any financing condition and is expected to close in the fourth quarter of 2023. Norton Rose Fulbright Canada LLP is H2O Innovation’s legal counsel, Weil, Gotshal & Manges LLP and Davies Ward Phillips & Vineberg LLP are legal counsel to Ember, Fasken Martineau DuMoulin LLP is legal counsel to IQ and Blake, Cassels & Graydon LLP is legal counsel to CDPQ. Scotia Capital Inc. acted as exclusive financial advisor and fairness opinion provider to H2O Innovation and Desjardins Capital Markets acted as independent financial advisor and fairness opinion provider to the special committee of board of directors of H2O Innovation. Raymond James acted as financial advisor to Ember. Duyuru • Sep 30
H2O Innovation Inc., Annual General Meeting, Dec 05, 2023 H2O Innovation Inc., Annual General Meeting, Dec 05, 2023. Duyuru • Sep 14
H2O Innovation Inc. to Report Q4, 2023 Results on Sep 27, 2023 H2O Innovation Inc. announced that they will report Q4, 2023 results at 8:00 AM, Eastern Daylight on Sep 27, 2023 Duyuru • Jul 14
H2O Innovation Inc. Officializes Launch of Its Mobile Fleet and Increases Blue Loan Credit Facility by $10 Million to Support It H2O Innovation Inc. announced to launch its mobile fleet of water and wastewater treatment systems and secure three new leasing contracts totaling $3.4 million. This new service offering will require CAPEX investment, which is made possible by the recent agreement with National Bank of Canada on June 30, 2023. This agreement led to a $10 million increase in the Corporation's Blue Loan credit facility, which now stands at $75 million. This strategic initiative should enable H2O Innovation to broaden its range of services, strengthen its customer relationships through the sale of consumables required to operate the fleet assets, and thus improve its profit margins. As part of its mission to offer comprehensive solutions for industrial and municipal clients in North America, H2O Innovation is launching its mobile fleet of Water Technologies & Services (WTS) business line. The Corporation designs and manufactures two different types of mobile water treatment systems: the FlexBoxTM line, which comprises containerized ultrafiltration (UF) or reverse osmosis (RO) systems designed for drinking water treatment, industrial wastewater and water reuse, as well as the SILOTM system, which employs membrane bioreactor (MBR) technology and is specifically designed for wastewater and water reuse treatment. Over the last two years, H2O Innovation has manufactured a fleet of 9 mobile units. Due to the demand in this market sector, the Corporation is expanding its fleet with the objective of reaching 40 units within the next five years. Recently, the Corporation was awarded three new contracts for the supply of mobile units, including the FlexBoxTM RO, FlexBoxTM UF, and SILOTM technologies for an aggregate value of $3.4 M. Once designed and manufactured, two FlexBoxTM UF units will be delivered and leased for an initial period of 18 months to a mining client in Eastern USA. The second project awarded to the Corporation is for a 12-month lease of two SILOTM units for a private sector client in Quebec. Finally, the third contract involves the 24-month lease of a FlexBoxTM RO system to be deployed to a First Nation community in Western Canada. These three projects served as the driving force behind the Corporation's decision to expand its mobile fleet, which will consist of 14 units. The need for an increased capacity and availability became evident and prompted H2O Innovation to take action. A larger fleet will allow the Corporation to better meet the growing demand and provide its clients with access to safe water and sanitation whenever and wherever they require it. 
