Mid South Water, LLC

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Mid South Water, LLC - overview

Established

2004

Location

-, MS-Mississippi, US

Primary Industry

Power & Utilities

About

Mid South Water, LLC offers specialized groundwater deep well drilling services, focusing on sustainable water solutions for agricultural, industrial, and residential needs in the Southeastern United States. Founded in 2004, Mid South Water, LLC, based in Cleveland, US, provides deep well drilling services to clients reliant on sustainable water sources. The company was acquired by Alsay Incorporated, a portfolio company of Venquest Capital, in January 2014. Mid South Water specializes in groundwater deep well drilling services, providing essential solutions to clients reliant on sustainable water sources.


The company’s core offerings include the installation and maintenance of deep wells, designed to access subterranean water reserves for agricultural, industrial, and residential use. These services are critical in regions where surface water is scarce, enabling end-users such as farmers, municipalities, and commercial enterprises to secure reliable water supplies. Mid South Water primarily operates in the Southeastern United States, catering to markets such as Mississippi, Arkansas, Louisiana, and Tennessee. Their commitment to high-quality drilling techniques ensures that clients benefit from long-term, efficient water extraction systems tailored to their specific needs.


The revenue model of Mid South Water hinges on direct service contracts with clients, encompassing both one-time projects and ongoing maintenance agreements. Clients typically engage the company for deep well drilling projects, which are priced based on the depth of the well and the complexity of the installation. Partnerships with agricultural producers and municipalities form a significant portion of their client base, where standardized contracts stipulate the terms of service and pricing structures. These agreements ensure that clients receive not only the initial service but also options for ongoing support, thereby fostering long-term relationships.


Mid South Water plans to leverage its expertise in groundwater solutions to design new products aimed at enhancing water extraction efficiency. The company is looking to expand its operations into additional states in the Southeastern US by 2025. Recent funding from the acquisition by Alsay Incorporated will support these initiatives, allowing for increased investment in technology and market outreach.


Current Investors

Alsay Incorporated

Primary Industry

Power & Utilities

Sub Industries

Government, Water & Sewer Utilities

Website

http://midsouthwater.com

Company Stage

Add-on

Total Amount Raised

Subscriber access only

Mid South Water, LLC - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Add-onCompletedMid South Water, LLC-

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