Hunter Industries and Senninger Irrigation announced Tuesday their entrance into a due diligence phase toward an intended acquisition of Senninger by Hunter. 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 in 1964 and 1965, respectively. 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,” said Hunter CEO Greg Hunter. “We are very excited about working together with their teams to bring innovations to our shared channels.”
“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,” said Burks. “Cultural alignment was a key factor for both organizations in opening discussions focused on an acquisition.”
The due diligence phase is expected to be complete by mid-September. As always, Senninger will continue to provide the high-quality products and services its customers have come to expect.