Pike Street Capital, a private equity firm in Seattle, has invested in Bennett. This company provides water infrastructure, plant health, and energy solutions to growers, local governments, and industrial customers in the western US.
Bennett was founded in 1929 in Selma, California, and has served crop producers for over 90 years. The company recently regained its independence after operating as GARBennett for five years, following a merger in 2020. This change allows Bennett to focus more on helping customers with water efficiency, crop performance, and sustainability.
To support growth, CEO Tyler Bennett chose Pike Street Capital as an investment partner due to their experience in helping companies reach their goals. Tyler Bennett will keep a significant ownership share and continue as CEO. Pike Street Capital plans to help Bennett grow by expanding its services and making strategic acquisitions, aiming to become a leader in water, plant health, and energy innovation.
Pike Street invests in mid-sized companies with strong technical skills and solid market positions, particularly in sectors such as industrial technology and business services. After the deal, the company will operate simply as “Bennett.”
KEY QUOTES:
“Re-establishing Bennett as a standalone business marks a pivotal moment for our company and our customers. With Pike Street’s partnership, we have the operational support and growth capital to scale our capabilities, expand geographically, and continue innovating solutions that help our customers succeed in a challenging environment.”
Tyler Bennett, CEO
“We’re excited to partner with Tyler and the Bennett team as they enter this next chapter. Bennett’s strong reputation and expanded capabilities across water, plant health, and energy create a powerful platform for growth. Together, we’ll continue investing in the business, expanding its reach, and pursuing strategic opportunities – both organically and through add-on acquisitions – to strengthen its impact for customers.”
Dave Dandel, Partner at Pike Street Capital
