SAN MARCOS, Calif.—Hunter Industries and Senninger Irrigation entered into a due diligence phase toward an intended acquisition of Senninger Irrigation by Hunter Industries.
Hunter and Senninger have been strategic partners since 2004 through an OEM relationship.
"Our history of success together as separate organizations provides a solid indicator of our positive future as a unified team," said Senninger President James Burks.
Senninger is a Florida-based irrigation manufacturer of water and energy efficient sprinklers, spray nozzles, pressure regulators and other irrigation tools for agriculture, mining, effluent and wastewater applications, and the dairy industry. Operations were started in 1963 by Joe Senninger with nephews Andy and Mark Healy joining him, respectively, in 1964 and 1965. Throughout its more than five decades of business, Senninger has remained a privately held corporation.
This acquisition adds to Hunter's growing revenue stream through expansion into Senninger's markets.
"Hunter and Senninger combine to create a very talented team of engineers and manufacturing professionals. We are very excited about working together with their teams to bring innovations to our shared channels," said Greg Hunter, CEO at Hunter.
"There has been an opportunity for both companies, over three decades, to casually observe each other's development and behavior, providing insight into the character and reputation of each respective company, their founders and management. Cultural alignment was a key factor for both organizations in opening discussions focused on an acquisition," Burks said.
The due diligence phase is expected to complete by mid-September.