Arable Capital Partners and Laurel Agriculture + Water Solutions Acquires US Irrigation
BAKERSFIELD, CA - Private investment firm Arable Capital Partners has announced a new acquisition to add to its portfolio of food and agriculture businesses. US Irrigation, a Bakersfield, California-based irrigation design and rental service company, will join Arable’s newly formed Laurel Agriculture + Water Solutions platform and extend the companies’ reach throughout California and Arizona.
“It’s an exciting time at Laurel Ag as we welcome Jon Tkac and the rest of the US Irrigation team into the fold,” said Derek Yurosek, Managing Director of Arable Capital. “Not only do they bring their years of experience, they bring an exciting energy to what can be done as we grow together. Irrigation rental services were an element we knew we needed to have within Laurel Ag, and we are excited to provide that throughout Laurel Ag and for our customers.”
With its focus on irrigation design capabilities and diversification of irrigation pipe rental services, US Irrigation is expected to become a key component of the Laurel Ag platform, according to a press release. US Irrigation Founder Jon Tkac will be joining the existing Laurel Ag executive team which consists of Jeremy Yurosek, Bill Loflin, Steve Borra Jr., and Jon Thomas.
“We are excited to join the Arable and Laurel Ag team,” commented Tkac. “This new organization is filled with the top leaders of this industry, and we are honored to bring what we have at US Irrigation to the table to better serve our customers in new ways.”
Congratulations to Arable Capital on this strategic acquisition and the growth of the new Laurel Ag platform.