Florida Drilling (Florida Design Drilling Corp.), a licensed West Palm Beach general and well contractor, recently elected to partner with Illinois- and Texas-based private equity investment firm Cimbria Capital, specializing in water technology and agribusiness.
With experience in capital management, operations and branding, Cimbria will help Florida Drilling leverage its potential in its South Florida business sector.
"We are very happy to work with Cimbria Capital," Florida Drilling co-owners Dan Ringdahl and Noah Ringdahl stated. "Cimbria Capital brings embedded industry expertise in capital management, operations, and thought leadership. Their active engagement with Florida Drilling's senior leadership will add lasting value by optimizing the efficiencies of our company and solidifying our brand's reputation within the market."
Industrial, irrigation and commercial applications comprise Florida Drilling’s main clientele. Considered a top provider by its new partner, Florida Drilling stands poised to expand its presence and reputation with Cimbria’s help.
"We consider Florida Drilling a best-in-class service provider across a broad range of water solutions benefitting Florida's economic and environmental resilience," Cimbria Capital’s co-founders Brian Iversen and Henrik Rasmussen said. "Their commitment to exceeding client expectations, smart drilling, construction innovation, and sustainable water wells also exemplifies what Cimbria calls 'corporate statesmanship.' We look forward to further expanding an enterprise based on integrity, results, and agility to more clients in need of reliable water."