The TriCal Group has acquired Landmark Irrigation
Meridian Capital LLC (“Meridian”), a Seattle-based leading middle market investment bank and M&A advisory firm is pleased to announce the successful acquisition of its client, Landmark Irrigation (“Landmark” or “Company”), a portfolio company of Prospect Partners (“Prospect”), by TriCal Soil Solutions, Inc. (“TriCal”), a member of the TriCal Group.
Founded in 1990, Landmark is a leading, full-service provider of custom agricultural irrigation systems and related orchard supply services in the Western United States. Through its 7 growing retail locations in California and Arizona, Landmark upholds its renowned reputation through its commitment to delivering high quality products and services while exceeding client expectations for irrigation system performance. The Company’s key offerings include designed custom piping, sprinklers, pumps, filters, related orchard supply products and a private label AgTech platform.
Russ Spain, CEO and co-owner of Landmark, shared, “The TriCal [Group] platform is exciting to be a part of and will provide a lot of opportunities for our employees to grow with the Company.”
Gene Blocher, President and co-owner of Landmark, added, “Teaming up with [the] TriCal [Group] is certainly a positive for Landmark in providing an even better level of service for our customers.”
Russ and Gene further commented, “Meridian’s leadership through this transaction was so helpful, their whole team was outstanding to work with. Meridian really made it easy for us to work through this process and we appreciate all of their efforts.”
Russ and Gene and the entire Landmark team will continue to lead and operate Landmark as part of the TriCal Portfolio of Companies.
The TriCal Group is a privately held family of companies with a global presence as a leading provider of fertigation, fumigation, and soil & plant management services. As one of the first to mechanize soil fumigation, the TriCal Group has established a trusted network of companies across the Americas, Western Europe, Australia, New Zealand, Africa, and developments in Japan, China, and Southeast Asia.
James Rothenberger, Managing Director at Meridian stated, “Landmark represents a compelling retail product & service platform serving the growing agricultural regions in California and Arizona. Landmark, and [the] TriCal [Group] have each benefited from the substantial institutional investment into the western U.S. agribusiness industry, and together they will be able to serve their customers in a unique and differentiated manner.”
Ashley Jacobsen from the Moss Adams Fresno office provided accounting services as part of this transaction. Michael Wilson from Locke Lord provided legal services as part of the transaction.
|Global M&A Offices||
Meridian Capital LLC (Global M&A USA)
|Global M&A Advisory||Advisor to the seller|