Private equity firm invests in business that sells water in the Texas Hill Country

Money is flowing into a local water business to make more drinking water available and plug projected shortages as the Texas Hill Country’s population swells.

A new company launched by a prominent rural Texas land broker in San Antonio, Harold Trip DuPerier III, secured significant capital from a New York City-based private equity investment firm, the companies announced.

Local water well operator Texas Water Supply Company LLC was formed in early October with its governing agent as DBT Investments LP, which was created by DuPerier in 1999, records show… More from BizJournals.com