- Business
- Water Intelligence plc (WATR.L), a London-based holding company incorporated in 2000 and listed on the AIM market of the London Stock Exchange, provides technology-driven leak detection, remediation, and water management services for potable and non-potable water infrastructure serving residential, commercial, insurance, property management, and municipal customers; core offerings include acoustic and infrared-based solutions for leaks and blockages across all pipe diameters, proprietary devices such as Leakvue for efficient pool leak detection, Pulse for pinpointing wastewater blockages, LS1 for cost-effective infrastructure surveys, and channel lining systems via ALD Water Management using high-density polyethylene for zero-leakage conveyance; services encompass franchise royalty income from approximately 74 American Leak Detection (ALD) franchises operating over 100 locations across 46 US states plus Australia and Canada, franchise-related activities including parts/equipment sales, business-to-business channel jobs primarily with insurers, and sales of franchise territories; US corporate-operated ALD locations (48 sites generating the majority of revenue); and international corporate operations through Water Intelligence International (WII) subsidiaries including WaterSave Ltd (acquired 2021), with presence in the UK, Ireland, Australia, Canada, and project work for utilities such as Thames Water and Sydney Water. The company, which employs around 482 people and reports 2024 revenue of $83.3 million with adjusted EBITDA of $15 million, maintains its registered office at 27-28 Eastcastle Street, London W1W 8DH, United Kingdom, and operational headquarters linkages in New Haven, Connecticut, and Dallas-Fort Worth, Texas. Recent developments include the Q4 2024 reacquisition of the high-performing Dallas ALD franchise to establish a central US corporate headquarters under new ALD CEO Will Knell and implement the "Dallas Template" for nationwide operational efficiencies; a February 2025 strategic partnership with Chubb's StreamLabs Water for wireless monitoring, shut-off, and preventive maintenance integration to drive organic growth via insurance channels; and early 2025 acquisitions of Effective Plumbing in Connecticut for $1.2 million to expand repair capabilities and an ALD franchise in Georgia/South Carolina for $3 million, both accretive to earnings alongside initiatives like AI-driven RevenueMax marketing, Holman fleet management, and commercialization of wastewater technologies such as Pulse for US residential markets.