Gray humic acids have a marked colloidal character, a large number of surface functional groups, and are subject to aggregation phenomena. They are able to complex soluble pollutants, and initiate flocculation processes as a function of environmental conditions. The aim of this work is to study the aggregation of a gray humic acid, which is stable in colloidal dispersion, by means of photon correlation spectroscopy, and molecular modeling. The effect of this aggregation in the solid state is also studied by means of N2 (to 77 K) and CO2 (to 273 K) adsorption isotherms, as well as FT-IR absorption. The variation of the colloid's zeta potential and size, with pH, reflects the ionization of the carboxylic and phenolic acidic groups, and a linear dependence of size on zeta potential. The decrease in the size of the colloids seems to be more affected by the ionization of the phenolic acid groups, than by that of the carboxylic acid groups, which is likely because in the case of the ionized carboxylic groups the humic colloids are still capable of generating H-bonds. In the solid state, aggregation effects are illustrated by a decrease in surface area, and a disappearance of certain micropores, with increasing pH. These features are likely due to an inhibition of aggregation in the colloidal state as a consequence of the increase in charge that results from ionization of the acidic groups, and also to an increased hindrance to H-bond formation, due to the loss of protons during the above-mentioned ionization process.