DescriptionNEW PLATFORM / Aerial Ag Services Business / $8.8M 2025 Revenue
The Company is a market-leading provider of aerial agricultural application services, operating a scaled helicopter fleet across the Midwest and Southeast United States. The business delivers mission-critical crop protection services—primarily fungicide and insecticide spraying—to large-scale farming operations through a proprietary B2B distribution model that embeds its services directly within agricultural supply channels.
Unlike traditional operators, the Company partners with agricultural input providers who bundle spraying services into their offerings, manage farmer relationships, and handle billing and collections. This model eliminates customer acquisition costs, creates highly predictable revenue streams, and results in deeply embedded, recurring relationships that renew annually. The Company services over 650,000 acres of farmland annually, with significant remaining runway in its core geography and adjacent markets. 
The platform operates a fleet of 17 aircraft supported by extensive ground infrastructure and dual operating bases, enabling both high-throughput seasonal spraying and year-round revenue generation through ancillary services such as frost protection, disaster relief, and commercial aviation work. The business benefits from strong structural tailwinds, including non-discretionary demand for crop protection, increasing adoption of precision agriculture, and a highly fragmented competitive landscape conducive to consolidation.
With a scalable operating model, embedded customer relationships, and significant capacity for both organic and acquisitive growth, the Company represents a differentiated platform within an essential services sector.
Key KPIs
Financial Performance
• Revenue: ~$8.8M (2025A)
• Adjusted EBITDA: ~$3.1M
• Adjusted EBITDA Margin: ~35.0%
• Revenue Growth (2023–2025): +39%
• Adjusted EBITDA Growth (2023–2025): +72%
Operations & Scale
• Fleet: 17 helicopters (15 commercial spray aircraft)
• Annual Acreage Serviced: 650,000+ acres
• Daily Capacity: ~25,000–28,000 acres during peak season
Revenue Quality
• ~95% of revenue from agricultural spraying (non-discretionary)
• ~85% of revenue from institutional B2B supplier relationships
• Highly recurring revenue with annual contract renewal dynamics
Market Position & Growth
• <3% penetration of ~23M sprayable acres in core state
• Access to 76M+ acres across adjacent expansion markets
• 5 additional helicopters available for deployment (embedded growth capacity)
Customer & Business Model Advantages
• Zero customer churn from converted users
• No billing/collection risk (handled by supplier partners)
• Proven ROI to end customers (3x–6x return on application)
Ancillary Revenue Upside
• Frost protection: ~$689K generated in 5 nights (2026)
• Additional upside from disaster relief, firefighting, and heavy lift services