# Arable Capital acquires three irrigation companies to form Laurel Ag

Arable Capital Partners has acquired Hydratec, Lodi Pump & Irrigation and Universal Irrigation & Supply, which will merge into a platform called Laurel Agriculture + Water Solutions. No financial terms were disclosed.

- Type: Acquisition
- Announced: 2018-12-12
- Where: California, United States
- Status: completed
- Products: irrigation systems, pumps, precision water solutions
- Sectors: [Pumps and Valves](https://endata.com/sectors/pumps-valves.md), [Water Treatment Equipment](https://endata.com/sectors/water-treatment-equipment.md)

## Companies

- [Arable Capital Partners](https://endata.com/companies/4352.md) (investor)
- [Hydratec](https://endata.com/companies/4353.md) (target)
- [Lodi Pump & Irrigation](https://endata.com/companies/4354.md) (target)
- [Universal Irrigation & Supply](https://endata.com/companies/4355.md) (target)
- [Laurel Agriculture + Water Solutions](https://endata.com/companies/4356.md) (partner)

## Sources

- [privateequityinternational.com](https://www.privateequityinternational.com/arable-acquires-three-irrigation-companies-forms-laurel-ag/), 2018-12-17: "Arable Capital Partners ("Arable") has announced and completed the acquisition of three highly regarded irrigation companies - Hydratec, Inc., Lodi Pump & Irrigation and Universal Irrigation & Supply."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.