ARABLE CAPITAL PARTNERS ACQUIRES UNIVERSAL IRRIGATION & SUPPLY
Arable Capital Partners (“Arable”) announced today the acquisition of Universal Irrigation & Supply (Universal), a Bakersfield, CA, full service irrigation and supply company that has built its reputation on excellent design and services in California’s Central Valley Region. Universal has served permanent crop customers in the country’s largest agricultural region for over 10 years. With over 100 years of combined industry experience, the team at Universal gives the family-owned company a competitive edge. Arable partnered with Jeremy Yurosek to continue as President, and build upon the strong legacy his family has created. Universal will be merged with Hydratec and Lodi Pump & Irrigation, both Arable portfolio companies, further expanding the geographical reach of the companies.
Arable was impressed by Universal’s management team and their ability to anticipate customer needs and optimize overall satisfaction. Universal maintains a pristine reputation with cutting edge technology, extensive product offerings, and excellent service. “Jeremy and his team have created a reputation of providing consistent, high-quality service and innovative product-lines that support each customer’s crop needs,” said Derek Yurosek, Managing Director of Arable Capital Partners.
We realized from the very early stages that working with the Arable team was going to be a good fit. We are all excited to bring the best industry talent and expertise under one umbrella. This will give us the ability to offer our customers a level of service unsurpassed in the industry” said Jeremy Yurosek. The combination of Universal, Hydratec, Lodi Pump & Irrigation will allow all three companies to better serve the market with expanded operations, and product offerings. “The Universal leadership, experience and customer-first philosophy blends perfectly with Hydratec, Lodi Pump & Irrigation and the irrigation platform Arable has invested in” said Greg Richards, Managing Director of Arable Capital Partners.