Frédéric Dugré founded H2O Innovation Inc. HEO-T in the wake of Ontario’s Walkerton tainted-water scandal, anticipating that Canadian towns and cities would have no choice but to upgrade their water systems. He was right. Now, 23 years later, the mechanical engineer is making another educated bet: That the Quebec City-based water technology and services company, which has been publicly traded since its inception, is better off going private under new ownership. The move, he says, will take the company’s development to the next level and simplify decision-making. “We believe that it will allow us to grow faster and easier,” Mr. Dugré, H2O′s chief executive, said in a recent interview, addin
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