---
title: "Maverick"
description: "Alternative water systems serving large residential developments under long-term, take-or-pay supply agreements. Acquired by Apollo Funds in August 2026."
url: "https://www.crosstimbers.com/portfolio/maverick"
site: "Crosstimbers Capital Group"
---

# Maverick

- **Sector:** Water Infrastructure
- **Status:** Acquired by Apollo Funds, August 2026
- **Invested:** October 2019
- **Headquarters:** Houston, Texas
- **Website:** https://maverickwater.com/

Alternative water systems serving large residential developments under long-term, take-or-pay supply agreements. Acquired by Apollo Funds in August 2026.

## Realization notes.

Maverick Water Group develops, owns and operates alternative water systems that deliver non-potable water to communities and to industrial, energy and real estate customers across Texas. The company was founded in 2018 and is headquartered in Houston. Crosstimbers invested in October 2019.

In August 2026, Maverick was acquired by Apollo-managed funds from funds managed by Crosstimbers. Maverick's management team retained a minority stake and continues to operate the company.

## Related platforms

- [Undine](https://www.crosstimbers.com/portfolio/undine): Water and wastewater utility platform operating across multiple assets with reliable utility cash flows.