M&A Deal Summary

Arable Capital Partners Acquires Laurel AG & Water

On December 17, 2018, private equity firm Arable Capital Partners acquired machinery company Laurel AG & Water

Acquisition Highlights
  • This is Arable Capital Partners’ 4th transaction in the Machinery sector.
  • This is Arable Capital Partners’ 5th transaction in the United States.
  • This is Arable Capital Partners’ 5th transaction in California.

M&A Deal Summary
Date 2018-12-17
Target Laurel AG & Water
Sector Machinery
Buyer(s) Arable Capital Partners
Deal Type Consolidation

Target

Laurel AG & Water

Bakersfield, California, United States
Laurel AG & Water was created through the consolidation of four regional companies in California and provides full-service irrigation solutions to growers in California and Arizona. Laurel AG & Water works to deliver irrigation solutions that optimize capital expenditures and minimize operating costs. The company’s goal is to build infrastructure for the most sustainable, efficient, and reliable use of water, power, and human resources. Its irrigation offerings include design, installation, parts, rentals, and services and repairs. Laurel AG & Water is based in Bakersfield, California.

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Buyer(S) 1

Buyer

Arable Capital Partners

Investor Investor Investor Investor

Category Private Equity Firm
Founded 2016
Size Small
Type Sector Focused
DESCRIPTION

Arable Capital Partners LLC is an investment firm focused on food and agriculture businesses based in the Western US. Prospective transaction types include management buyouts and growth financings. Arable Capital Partners was formed in 2016 and is based in Bellevue, Washington.

DEAL STATS #
Overall 5 of 9
Sector (Machinery) 4 of 4
Type (Consolidation) 1 of 1
State (California) 5 of 8
Country (United States) 5 of 9
Year (2018) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-17 Hydratec

Delano, California, United States

Hydratec is a full service irrigation company with a rich history of quality and customer service in central California. Company has major role in the advancement of micro-irrigation technology in the state of California. While Hydratec largely services tree and vine growers, there has been a significant increase in row crop customers due to a growing demand for drip irrigation systems. Hydratec services both small family farms and large corporate farming operations from the San Joaquin Valley to the east coast. Hydratec was founded in 1981 and is based in Delano, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-12 Pacific Trellis Fruit

Los Angeles, California, United States

Pacific Trellis Fruit is a grower, importer, and marketer of premium fresh fruits including melons under the Dulcinea brand, table grapes, citrus, cherries, stone fruit, and more. Pacific Trellis Fruit was founded in 1999 and is based in Los Angeles, California.

Buy -
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