Leading irrigation dealers, Agri-Valley Irrigation, Inc. and Irrigation Design and Construction, Inc. merge in a transaction funded by Jain Irrigation Systems Ltd.
Two of the United States’ largest irrigation dealers, Agri-Valley Irrigation, Inc. and Irrigation Design and Construction, have entered into an agreement to merge their businesses into a newly formed distribution company funded by Jain Irrigation Systems Ltd. The combined entity has 13 large dealership locations throughout California. The new organization is an un-paralleled leader in design, construction, service, and innovative Ag Technology. This entity will provide a unique platform to help growers implement state-of-the-art irrigation technology and achieve more crop per drop.
Anil Jain, CEO of Jain Irrigation Systems Ltd. said, “We are delighted to be able to finance and participate in such an industry changing and strategic partnership. The transaction gives us the capability to provide grower focused, turn-key, end-to-end project solutions, consistent with our global solutions and capabilities. With this newly formed company, we’ll be able to deliver leading Ag Tech Irrigation solutions from our recent investments. Congratulations and thanks to Mr. Larry Rompal, Mr. Michael Conrad, their families and associates.”
Larry Rompal, CEO, Agri-Valley Irrigation, Inc. said, “After 34 years of building Agri-Valley with my family and our team, I am excited to partner with another family company, Jain Irrigation, and to join with our friends at Irrigation Design & Construction to continue the tradition of providing the best irrigation systems and services to our customers. I look forward to the improvements we’ll bring to the grower together.”
Michael Conrad, President of Irrigation Design & Construction added, “This merger will build upon the strength of our three companies and allow us to provide growers with the most comprehensive levels of service. Agri-Valley Irrigation and Jain share our philosophy of doing what is right for the customer and industry. We look forward to working together to move the irrigation industry forward.”
Agri-Valley Irrigation and Irrigation Design and Construction will maintain their names with day-to-day operations being managed independently by the current teams reporting to the Board of Directors of a newly formed entity, Jain Distribution Holdings, Inc. They’ll work to implement best practices and to extract synergies of the combined entity to provide increased value for all the stakeholders. While the terms of the deal were not disclosed, Agri-Valley Irrigation and Irrigation Design and Construction, will have minority ownership in the new companies. The transactions are expected to close near the end of April.
Agri-Valley Irrigation, Inc., founded in 1983, has since developed into a large firm supplying unique irrigation services to the central San Joaquin Valley agriculture community. Larry Rompal, as CEO and owner of the company relies on his staff of over 125 dedicated professionals to engineer, design, fabricate, install and maintain irrigation projects regardless of size or complexity. The company carries a large, diverse inventory of parts at each of its locations, Fresno, Five Points, Firebaugh, Merced, Bakersfield, and Visalia. The field staff of installation and service personnel are considered the finest and most experienced in the industry. Installations include drip irrigation systems, micro sprinkler systems, pivots, aluminum pipe, sand media filters, VFDs, pumps, MicroPro chemical maintenance and full automation, control and monitoring systems. Agri-Valley Irrigation invests its experience in meeting customer’s irrigation needs.
Irrigation Design & Construction, headquartered in Patterson, California, takes pride in doing the right thing. They have applied this principle from the start of business in 2004 and have grown to seven retail locations in California’s Central and Salinas Valleys. Irrigation Design and Construction employs over a hundred associates dedicated to specifying and installing the highest quality and most technologically advanced irrigation equipment available. The Irrigation Design and Construction team helps growers every day to irrigate efficiently and maximize the value of their investment in irrigation.
Jain Irrigation Systems Limited (JISL) with it’s motto ‘Small Ideas, Big Revolutions’ with more than 10,500+ associates worldwide and revenue of ˜USD 1 Billion, is an Indian multinational company with manufacturing plants in 30 locations across the globe. JISL, its subsidiaries and associates are engaged in providing solutions in agriculture, piping, infrastructure through manufacturing of Micro Irrigation Systems, PVC Pipes, HDPE Pipes, Plastic Sheets, Agro Processed Products, Renewable Energy Solutions, Tissue Culture Plants, Financial Services and other agricultural inputs since more than 34 years. It has pioneered a silent Productivity Revolution with modern irrigation systems and innovative technologies in order to save precious water and has helped to get significant increase in crop yields, especially for more then 6 million small farmers. It has also ushered in new concept of large scale Integrated Irrigation Projects (IIP). ‘More Crop Per Drop™’ is the company’s approach to water security and food security. JISL is early pioneer for IOT in the agri-sector and is leading efforts to create global solutions with precision agriculture. It’s food brand ‘Jain FarmFresh’ is well known all over the world for quality and consistency. All the products and services of JISL help create a sustainable future while fulfilling its vision to ‘Leave this world better than you found it’. JISL is listed in NSE–Mumbai at JISLJALEQS and in BSE at code 500219. Please visit us at www.jains.com
DISCLAIMER:
The information in this release has been included in good faith and is for general purposes only. It should not be relied upon for any specific purpose and no representation or warranty is given as regards to its accuracy or completeness. No information in this press release shall constitute an invitation to invest in Jain Irrigation Systems Limited. Neither Jain Irrigation Systems Limited, nor their or their affiliates’ officers, employees or agents shall be liable for any loss, damage or expense arising out of any action taken on the basis of this release, including, without limitation, any loss of profit, indirect, incidental or consequential loss.
