Arable Capital Partners Acquires Hydratec
BELLEVUE, WA & BAKERSFIELD, CA - Building and diversifying its portfolio of growing agricultural interests, Arable Capital Partners has announced the acquisition of Delano, California-based, full-service irrigation company Hydratec.
“We are very impressed by Hydratec’s customer relation and service approach which aligns with our thesis around long-term business focus,” said Arable Managing Director Derek Yurosek. “We are looking forward to working with Hydratec’s management team to expand the company’s operations and continue innovating in the irrigation space.”
According to a press release, Hydratec has a rich history of quality and customer service known throughout central California. The company has played a major role in the advancement of micro-irrigation technology in the state of California since its establishment in 1981.
“Hydratec looks forward to the opportunity to partner with Arable in our continued support of our customers,” said Hydratec’s President Bill Loflin. “We are committed in providing solutions for the forever changing agricultural conditions and economy as we have for the last 37 years.”
Hydratec will maintain its existing management team and expects to continue building its reputation for being a pioneer in micro-irrigation technology in California, and to build strong, lasting client relationships in partnership with Arable’s dynamic team and extensive experience in both private investment and agriculture.
“We are excited to have Hydratec as part of our portfolio. The team involved and the company’s position in the irrigation sector makes for a winning combination positioned for growth,” added Arable Managing Director Greg Richards.
Traditionally, Hydratec has largely serviced tree and vine growers, but recently, the press release noted, the company has experienced a significant increase in row crop customers due to a growing demand for drip irrigation systems.
“Our new partnership and our combined vision of long term growth will give us the ability to continue to be an industry leader for the next generation of farmers,” said Hydratec’s General Manager Chad Lilze.
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