America’s Water Makeover Has a Champion

Every year, more than two trillion gallons of treated water leak from America’s crumbling pipes—enough to fill nearly three billion bathtubs. Beneath these cities lie rusted arteries of a bygone era, invisible but vital, and long overdue for a replacement. As Washington pushes through historic infrastructure spending, the most urgent—and overlooked—fix isn’t flashy. It’s water. And at the heart of that effort is a company few investors have paid attention to.