Capital will fund development and expansion of regulated and non-regulated systems across one of the nation’s fastest-growing states
AUSTIN, Texas, November 3, 2026 – With Texas communities growing faster than their water systems can keep pace, BVRT II Utility Co (“BVRT II”) has closed a $200 million equity investment from an institutional infrastructure asset manager to expand its regulated and non-regulated water and wastewater systems statewide. NorthView Advisors served as exclusive financial advisor and led the capital raise for BVRT II.
The $200 million platform gives BVRT II the capital and flexibility to build at scale across both regulated and non-regulated segments, supporting the infrastructure needs of Texas’s rapidly expanding population and economy.
“Texas’s population and economic growth are placing unprecedented demands on its water and wastewater systems. This investment gives BVRT II the long-term capital to meet that demand,” said Paul Gorski, Senior Managing Director at NorthView Advisors. “BVRT II has the team, the vision and the development pipeline to deliver essential infrastructure where it is needed most, and we are proud to have secured this capital for them.”
“This partnership allows us to accelerate new treatment capacity and extend reliable service to additional communities,” said Steven Greenberg, Founder and CEO of BVRT II Utility Co. “We chose a partner that shares our long-term view of this business, and that alignment lets us invest ahead of growth rather than behind it. “
Seyfarth Shaw LLP served as BVRT II’s legal counsel. NorthView extends its thanks to James Dorough-Lewis and Ron Gart of Seyfarth Shaw LLP for their support and professionalism in bringing the transaction to a close.
About BVRT II Utility Co
BVRT II Utility Co is a Texas-based utility development company that develops, owns and operates water and wastewater systems serving growing communities in Central Texas and is expanding across Texas.
About NorthView Advisors
NorthView Advisors is a senior-led investment banking firm that guides companies through mergers, acquisitions and capital raises, with a hands-on approach centered on integrity, transparency and maximizing value. NorthView Advisors is a registered broker-dealer and member of FINRA/SIPC. Learn more at northview-advisors.com.
About the Investment Partner
The investor is an institutional infrastructure asset manager with roughly $6 billion in assets under management, focused exclusively on the acquisition, development and operational transformation of complex, sustainable real assets.
Media Contact:
Paul Gorski
NorthView Advisors LLC
Member FINRA/SIPC
Senior Managing Director