Aetos Capital, an investment manager based in New York, has acquired WestWater Research, a strategic consulting firm in the U.S. focused on water.

WestWater offers water market research and advises on water entitlement valuation, trading and mergers and acquisitions. The company has more than two decades of experience in water-focused advisory services. As part of the deal, the WestWater management team will retain a significant stake in WestWater and continue to lead the company.

“The acquisition of WestWater is in-line with Aetos Capital’s focus on climate change and our desire to create niche investment strategies overlooked by other asset managers,” says Chris Teryazos, president of Aetos Capital. “Consistent with our values, we believe the proposed fund will generate excellent returns while pursuing investments that have a positive impact by creating safe, sustainable, and reliable sources of water. Most importantly, our strategic acquisition of WestWater gives us an unparalleled platform in water investing.”