Granite Seed Company
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Granite Seed Company - overview
Established
1988
Location
Lehi, UT, US
Primary Industry
Agribusiness
About
Granite Seed Company specializes in land restoration and erosion control, offering over 600 species of seeds and a range of erosion control products tailored for various environmental conditions across North America. Granite Seed Company, founded in 1988 and headquartered in Lehi, US, focuses on land restoration solutions. The company was acquired by S&S Seeds, Inc. in February 2020, with financial terms undisclosed.
The current CEO is Rob Wendell. Granite Seed and Erosion Control provides a comprehensive range of products and services focused on land restoration and erosion control. Their primary offerings include over 600 species of reclamation and restoration seeds, designed for diverse environmental conditions across North America. The company addresses various end-use cases such as large-scale revegetation efforts following natural disasters, local landscaping, and habitat restoration.
Additionally, they supply erosion control products including blankets, mulch, and wattles, essential for preventing soil erosion and promoting sustainable land management. Their client base includes federal and state government agencies, contractors, landscape architects, and non-governmental organizations, serving geographical markets across the western United States, Midwest, and Southeast regions. Granite Seed and Erosion Control generates revenue through a direct sales model, primarily serving business-to-business clients. Transactions involve customized seed blends and erosion control products tailored to meet the specific needs of each project.
The company partners with various sectors, including agriculture, commercial enterprises, and governmental bodies, providing expert consultation and high-quality planting aids alongside its core products. Pricing structures are set according to the scale and specifications of the orders, focusing on delivering value through regional seed mixes and specialized services, ensuring that clients achieve optimal results for their land restoration initiatives. Granite Seed Company aims to leverage recent funding to enhance its product offerings and expand into new markets. Plans include the introduction of innovative seed blends and erosion control solutions by the end of 2022.
The company is targeting expansion into the Northeastern and Southeastern regions of the US by 2023, intending to increase its market share in these areas. The acquisition by S&S Seeds, Inc. is expected to facilitate these growth initiatives as they integrate resources and expertise.
Primary Industry
Agribusiness
Sub Industries
Agribusiness
Website
www.graniteseed.com
Verticals
E-commerce
Company Stage
Acquired
Total Amount Raised
Subscriber access only
Granite Seed Company - 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | Granite Seed Company | - | ||||||||
| Recapitalisation | Completed | Granite Seed Company | - |
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