December 17, 2018

Arable Capital Partners has announced the launch of Laurel Agriculture + Water Solutions (Laurel Ag).

Having closed on the acquisition of three highly respected irrigation companies, Arable has forged Laurel Ag in which to combine these strategically chosen holdings in one platform that focuses on precision water solutions and agriculture products developed to revolutionize the industry, and to help farmers and managers reach their goals.

The three companies that were once separate entities, and are now combined into a group connected through a unified long-term mission include:

~ Lodi Pump and Irrigation, a California-based company in business for 30 years that sets the standard for drip and sprinkler irrigation design and service acquired in July 2018.

~Hydratech, a full-service irrigation company and leader in the advancement of micro irrigation tech located in Delano, California, acquired in April 2018.

~ Universal Irrigation &  Supply, a full service irrigation and supply company offering premium design and service in California’s Central Valley region, acquired in August 2018.

“As we developed this solution-based team, we wanted to be sure that we were filling the gaps with members that have reputations of excellence and integrity,” said Derek Yurosek, managing director of Arable Capital Partners. “The agriculture industry is a tight knit group, one where your word goes a long way. The combined success of our leadership team illustrates the value of integrity and building lasting relationships with customers.”

A Big Debut

The launch of Laurel Ag comes only months after Arable Capital closed on its maiden fund at $300 million in August.

Headquartered in Bellevue, Washington, and Bakersfield, California, Arable was launched by a team of highly experienced industry veterans who are aiming to fill the funding gap that exists in the food and agriculture sectors.

Aware that by its very nature, agriculture requires a long-term investment outlook, Arable is targeting investments in operations headquartered in the Western region of the U.S. – often with family management or operating teams, along the entire agricultural supply chain – that will have a span of 15 or more years.

Chris Brenes, vice president at Arable Capital Partners, told GAI News that the focus of the fund will be on operating businesses in agriculture, so investments could be anywhere in the spectrum of crop types as well as businesses that aren’t tied to a particular crop.

Now, Laurel Ag, whose name is based on the interlocking leaves of the laurel crown, illustrating its drive for a collaborative relationship with its customers, will act as the foundation from which to grow the common commitment among Hydratec, Lodi Pump & Irrigation, and Universal Irrigation for unsurpassed customer service.

“Laurel has the ability through this combination of successful businesses and management teams to create value for their customers. We are excited to watch the collaborative effort to innovate and develop new solutions for our clients and partners alike.” said Greg Richards, managing director of Arable Capital Partners.

-Lynda Kiernan