DescriptionAdd-On / Top Irrigation Services Provider in Minneapolis–St. Paul, MN / $1.3MM Adjusted EBITDA | ~5,000 Customers
Company Overview
Founded in 1973, the Company is a leading provider of irrigation system design, installation, maintenance, and water management solutions serving residential and commercial customers throughout the Minneapolis–St. Paul metropolitan area. Over more than five decades, the business has established a reputation for quality workmanship, reliability, and technical expertise, earning a position among the top irrigation contractors in its market. The Company operates a scalable service platform supported by an experienced workforce, company-owned fleet, centralized scheduling, and efficient routing systems. A balanced mix of installation projects and recurring seasonal maintenance programs provides predictable revenue, strong customer retention, and consistent profitability. With approximately 5,000 active customers, long-standing community relationships, and a fragmented industry landscape, the Company is well-positioned for continued organic growth and strategic expansion.
Key KPIs
* Founded: 1973
* Headquarters: Minneapolis–St. Paul Metropolitan Area
* TTM Revenue (April 2026): $4.4 million
* TTM Adjusted EBITDA (April 2026): $1.3 million
* Adjusted EBITDA Margin: 28.6%
* 2026 Projected Revenue: $4.5 million
* Projected Revenue Growth (2026): 5.5%
* Active Customer Base: Approximately 5,000 customers
* Employees: Approximately 30
* Field Technicians: 20+
* Residential Revenue Mix: 84.4%
* Commercial Revenue Mix: 6.2%
* Other Revenue Mix: 9.0%
* Service Revenue Mix: 58.0%
* Enhancement Revenue Mix: 33.0%
* Other Job Revenue Mix: 9.0%
Investment Highlights
* Over 50 years of operating history and established market leadership.
* Strong recurring revenue generated through annual maintenance, startup, and winterization programs.
* Approximately 5,000 loyal customers supported by long-term relationships and high retention rates.
* Attractive profitability profile with nearly 29% adjusted EBITDA margins.
* Experienced management team and workforce with deep irrigation industry expertise.
* Scalable operations supported by company-owned equipment, centralized dispatching, and route density advantages.
* Positioned to benefit from favorable industry trends, including water conservation initiatives, technology adoption, and continued market consolidation.