Funds managed by Apollo have taken ownership of Maverick Water Group, a Houston-based developer, owner and operator of alternative non-potable water systems that serve communities across Texas. The sellers were funds managed by Crosstimbers Capital Group, which initially invested in Maverick in 2019.
Founded in 2018, Maverick develops alternative water system assets, purpose-built in partnership with real estate development and industrial customers to support reliable non-potable water supply. The company plans to continue scaling its platform and its significant near-term pipeline to meet accelerating demand for efficient, sustainable water infrastructure with the help of Apollo funds’ support.
“Maverick has built a differentiated platform delivering long-term water solutions across some of the country’s fastest-growing markets,” said Jon Levinson, managing director in Apollo’s Infrastructure Group. “Bringing to bear the scale of our infrastructure platfor
