Leak‑Detection Firm Partners Insurers

Water Intelligence’s 2024 trading update reported revenue of $83.3 million (up 10% year-on-year) and adjusted EBITDA of $15.0 million (up 12%), with $12.1 million of cash at year-end and a Net Total Debt to adjusted EBITDA ratio of 1.48. (waterintelligence.co.uk)) The strategic partnership between American Leak Detection (ALD) and StreamLabs, Inc. was announced on 26 February 2025, with StreamLabs described as a U.S. water‑monitoring business that already has strong insurance‑market connections. (investegate.co.uk)) ALD’s operational scale cited in the announcement includes roughly 150 locations across 46 states, service to over 200,000 residential and commercial customers, and existing contractual relationships with the leading 20 U.S. insurance companies. (investegate.co.uk)) Two U.S. acquisitions to start 2025 were disclosed: Effective Plumbing bought for $1.2 million (2024 pro‑forma sales $1.2m and profits $0.3m), and an ALD franchise covering parts of Georgia and South Carolina acquired for $3.0 million (2024 sales ~$1.55m and profits ~$0.55m). (waterintelligence.co.uk)) ALD said it will sell StreamLabs’ wireless IoT water‑monitoring and shut‑off products alongside its minimally invasive leak‑detection services, and will use SEEEN video tech for “one‑click” StreamLabs purchasing while running its operating processes on Salesforce for data security. (investegate.co.uk)) The trading update states Water Intelligence is exploring a U.S. stock listing to increase access for U.S. investors as it pivots toward preventive‑maintenance revenue streams that bundle StreamLabs devices with ALD’s national service network. (waterintelligence.co.uk))