Florida Drilling
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Florida Drilling - overview
Established
2005
Location
West Palm Beach, FL, US
Primary Industry
Construction
About
Florida Drilling is a specialized provider of water resource construction and management services, focusing on drilling and treatment to meet the demands of industrial, irrigation, and commercial clients across the southeastern United States. Founded in 2005 in West Palm Beach, US, Florida Drilling offers drilling and water resource management services. The company has not undergone any significant pivots in business strategy or operations. There are no known subsidiaries or parent companies.
The founder's details are not available. Florida Drilling has engaged in one investment deal, with the most recent being in July 2016, when Cimbria Capital invested in the company. Florida Drilling specializes in water resource construction, management, and drilling services, primarily aimed at industrial, irrigation, and commercial clients. Their core services include water well drilling, water treatment solutions, and water distribution systems, engineered to address challenges regarding water supply and quality.
Serving a diverse client base, including municipalities and agricultural enterprises, their expertise allows effective harnessing and management of water resources across the southeastern US, including markets in Georgia, Alabama, and the Carolinas. Florida Drilling's revenue model is based on direct B2B transactions through service agreements, primarily focused on project-based pricing determined by the scope of work involved in drilling and management services. Customized pricing plans may be offered, including bundled services for comprehensive water management solutions. Their flagship services ensure clients have adequate access to clean and usable water, promoting long-term partnerships that enhance operational capabilities.
The company plans to leverage the funding from the most recent deal on July 12, 2016, for potential expansion and enhancement of their service offerings. While specific new products have not been disclosed, Florida Drilling is exploring avenues for geographic expansion into additional markets within the southeastern United States to increase their service reach.
Current Investors
Cimbria Capital
Primary Industry
Construction
Sub Industries
Engineering, Water & Sewer Utilities, Construction
Website
http://www.fldrilling.com/
Company Stage
Mature - Growth Capital
Total Amount Raised
Subscriber access only
Florida Drilling - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Growth | Completed | Florida Drilling | - |
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Florida Drilling - employee data
Florida Drilling - key contacts
| Name | Position | Start Date | End Date | Vcard | Bio | ||
|---|---|---|---|---|---|---|---|
| Member of the Board of Directors | BM |
BM Board Member
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