Badger Infrastructure Solutions Ltd.

Badger Infrastructure Solutions Ltd. is North America's largest provider of non-destructive excavating and related services, operating across the United States and Canada. The company specializes in hydro-excavation services, utilizing its proprietary Badger Hydrovac technology to safely expose underground infrastructure such as utility cables and pipelines. The Hydrovac system uses pressurized water jets to liquefy soil, which is then removed via powerful vacuum systems and stored in tanks, enabling precise excavation around critical infrastructure in congested areas. Badger serves diverse sectors including oil and gas, energy, industrial, construction, telecommunications, and transportation, as well as government agencies. The company manufactures and designs its own truck-mounted units and maintains a vertically integrated platform with a national fleet presence. With over 30 years of operational experience since its founding in 1992, Badger operates through two main segments: Canada, which accounts for over 60% of sales, and the United States. The company focuses on organic growth in markets with high adoption potential for non-destructive excavation services.