The U.S. municipal water landscape is undergoing a transformation as critical infrastructure services--water, gas, and electricity--converge under single investor-owned utility banners. This trend is highlighted by the growing roster of diversified infrastructure service providers owning water and wastewater utilities in the U.S., according to a new report from Bluefield Research.

The just-released report, U.S. Private Water Utilities: Drivers, Competitive Landscape and Acquisition Trends, 2019, provides in-depth analysis of investor-owned water utility strategies and of 517 water and wastewater system acquisitions from 2015 through 2018, including Eversource Energy's US$1.68M for Aquarion Water, NW Natural's roll-up of smaller systems in the Pacific Northwest, and Aqua America's US$4.3B acquisition of People Gas.